In what Apollo Solar Energy believes to be a step toward making solar power stations more profitable and attractive to investors, it has signed an agreement with the Ningguo Municipal Government to build a 2MW demo solar power station in Ningguo City, Anhui Province, China.
“We are very pleased to sign the agreement with Ningguo Municipal Government to build the 2MW demo solar power station, the first project of those contemplated by the nonbinding letter of intent signed in April between Apollo Solar and the Ningguo Municipal Government” stated Renyi Hou, CEO of Apollo. “Apollo Solar has purchased 2MW of thin-film solar panels in the US, and we expect the shipment to arrive at Ningguo City in mid-June of 2010. We then anticipate completing the installation of the 2MW of thin-film solar panels, and beginning testing of the operation, by the end of September 2010.”
The agreement will see the company investing $8.75 million to build the demo solar power station and be responsible for the entire project, including its planning, design, construction, and installation. It is expected to be operational this September.