Status: Under Construction
China-based monocrystalline module producer Shanghai Aerospace Automobile Electromechanical Co (HT-SAAE) has announced plans to develop two 50MW PV projects for agricultural greenhouses in China.
HT-SAAE noted in a financial filing that the projects would be developed in Xinzhou, Shanxi Province, China, and that construction began in August 2015. The two sites are expected to be completed by late October 2015.
The projects were said to be fully financed, with subsidy payments expected at 0.95 yuan/kwh (US$0.15/kwh), providing a project internal rate of return of 9.62%.