Enfinity forms joint venture with Chinese energy company for future project developments


Building on the companies’ successful collaboration on the recently announced 10MW Dunhuang City power plant, Enfinity and China Guangdong Nuclear Power Corporation (CGNPC) have embarked on a joint venture agreement to promote and actively develop solar power projects in China, Europe and worldwide. The agreement was signed in Brussels at an event attended by the Chinese Vice President Xi Jinping and Belgian Prime Minister Herman Van Rompuy.

Enfinity and CGNPC will work together on the construction and development of solar power projects in China, and also aim to promote the solar power industry throughout the country.

“The Joint Venture will initially focus on photovoltaic (PV) projects and then may select and develop other business in the solar power industry chain that enhances the core competitiveness of the Joint Venture and its high ancillary value,” said Qian Zhimin, Chairman of the Board of CGNPC.

An additional Collaboration Agreement was signed between Enfinity, CGNPC, Ninxgia region and Shizuishan city for the development of 2000MWp of solar energy projects over the next 10-year period. Land has been secured for 200MWp of this figure.

Furthermore, Enfinity has also signed another agreement with Qinghai Province and CGNPC for further 2000MWp of PV power plant development, again over a 10-year period. For this agreement, 100MWp of the land has been secured for Enfinity, with 10MWp fully permitted under CGNPC.

The companies also announced their intention to further their collaboration through the development of 2GW European and worldwide solar power projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 23, 2024
African renewable energy company Infinity Power has reportedly signed a memorandum of understanding (MOU) with the government of Sierra Leone to develop 1GW of renewable energy projects in the country.
July 23, 2024
EneCoat Technologies has raised JPY5.5 billion (US$35 million) in Series C financing to support research into perovskite solar cells.
July 23, 2024
In the first half of 2024, Italy has installed 3.7GW of new renewable energy capacity, of which 3.3GW came from solar PV.
July 23, 2024
The modules are being shipped to SolarPro, a Bulgarian engineering, procurement and construction (EPC) company which specialises in renewable and hybrid energy projects.
July 23, 2024
LevelTen energy has published its latest report into renewable energy PPA prices, with the average European PPA price falling by 27%.
July 23, 2024
Western Australia has become the second state to sign a Renewable Energy Transformation Agreement with the Federal government, aiming to support renewable energy generation technologies, such as solar.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA