A computer manufacturer, China Great Wall Computer Shenzhen Co, is set to invest over US$87 million in 60MW of solar power projects in central and eastern China.
CEC Great Wall Energy (GWE), a division of China Great Wall Computer Shenzhen Co, will fund construction and procurement of a mixture of ground mounted and rooftop projects in Guangdong and Jiangxi Provinces, subject to government approval. China Great Wall Computer Shenzen, traded on the Shenzen Stock Exchange, is itself a subsidiary of the state-owned China Electronics Corporation (CEC).
The projects will be powered with inverters from Satcon, a Boston-headquartered manufacturer which filed for liquidation in 2012 and was subsequently acquired the following year by CEC Great Wall Energy. The new parent company claims that since the takeover, Satcon has sold over 150MW of inverters, building on the 3GW that were sold by Satcon between 2009 and the acquisition.
Satcon’s Powergate Plus inverters, for large-scale solar systems and its newly launched Galaxy Series inverters will be used for the latest projects. GWE claims the Galaxy Series enables “the industry’s lowest levelised cost of energy (LCOE)”, with a low installation cost and a claim of 98.6% peak efficiency.
The 60MW of projects are expected to contribute towards China’s “twelth five-year plan” under the National Energy Administration’s scheme for Development of Renewable Energy Sources. The programme seeks to get the capacity of distributed generation of photovoltaic (PV) energy in the central and eastern regions of China to 10GW by 2020.