PV-Tech’s report on Enfinity’s winning a 10MW PV plant development project has been confirmed. Dubbed the Dunhuang PV Project, a new initiative to construct a 10MWp solar power plant in the Dunhuang region of China will see the investment of 200 million yuan (€27 million). Enfinity, as project leaders, will oversee the installation of PV tracker panels on the site and will confirm the contract once it has established the Dunhuang joint venture company.
This is the first of a planned 500MWp of solar plants in the Duahuang region. Construction is expected to begin in the next four months, and developers have been given an 18-month deadline for completion of the project.
Selection of the project developer involved deciding between13 applicants. The Chinese National Development and Reform Commission (NDRC) hosted an open tender in March 2009 to establish the on-grid electricity price, which ranged from 0.69 yuan/kWh (0.071 €/kWh) to 1.9 yuan/kWh (0.196 €/kWh). Enfinity’s team won the project with the price of 1.09 yuan/kWh, together with partners CGNPC and LDK Solar.
“Winning this bid is an important milestone for Enfinity’s international expansion strategy and it will act as an entrance ticket towards the high potential Asian market,” said Enfinity founder Gino Van Neer.
China’s NDRC has announced plans to set up a benchmark FIT at 1.09 yuan/kWh, the same cost with which Enfinity won the bid for the project.