China Technology Development Group Corporation (CTDC), a Hong Kong-based provider of solar energy products, has signed a number of cooperation framework agreements with several PV companies. The agreements relate to the development of 2.1GW worth of PV projects in the next three years.
In the past few months, CTDC has been discussing cooperation opportunities on future solar power projects with several local and overseas companies. The company revealed that by the end of August, it had signed a total of four cooperation framework agreements.
The first agreement was signed with GCL-Poly Energy Holdings and China Merchants New Energy Holdings for a 973MW PV project.
The second agreement was signed with Hareon Solar Technology Company and China Merchants New Energy Holdings for a 200MW PV project.
The third agreement was signed with Znshine PV-Tech Company Limited and China Merchants New Energy Holdings for a 450MW PV project.
The fourth and final agreement was signed with Astronergy Company Limited and China Merchants New Energy Holdings for a 500MW PV project.
As part of the terms of the agreements, over the next three years, CTDC will adopt an intermediary role as a coordinator for the different companies involved in the upcoming PV projects. It will also be paid a commission fee based on the services provided.