ReneSola has connected its 20MW solar power plant in Wulan County, China to the grid. The system is ReneSola’s first in China and is to be powered exclusively by the company’s modules.
“The completion of our power plant in Qinghai marks our foray into the solar electricity generation business in China, where we see potential for high growth in the next few years,” ReneSola's chief executive officer, Xianshou Li, said. “Qinghai Province has an abundance of natural resources, including sunshine, through its high elevation on the Tibetan plateau.”
ReneSola is the latest PV company looking to capitalise on the rapid expansion of China’s PV sector; numerous utility-scale projects have been completed in 2011, and, with this number due to rise considerably next year, the National Energy Administration has targeted an installed capacity of 15GW by 2015.
”We continue to be excited by China's transformation from a manufacturing hub of solar products into an increasingly important end-user market. The growing number of downstream projects in the domestic market represents a significant opportunity for us to create new revenue streams and expand our local market share,” Li added.