Enfinity to develop China’s largest and first PV power station
A joint bidding team, initiated by Enfinity, won the first 10 MWp solar concession project
TheDunhuang PV Project involves an investment of 200 million yuan (27 mioeuro), with an annual power production of 16.37 million kWh, and afranchised operation term of 25 years.
In late March 2009, theChinese National Development and Reform Commission (NDRC) planned anopen tender to confirm the on-grid electricity price and technicalsolutions. A total of 13 enterprises including major domestic powergiants got the upper hand in the bidding, with tender prices rangingfrom 0.69 yuan/kWh (0.071 euro/kWh) to 1.9 yuan/kWh (0.196 euro/kWh).
Thejoint bidding team, which is initiated by Enfinity, has won the projectwith the price of 1.09 yuan/kWh. CGNPC and LDK Solar are the partnerson the bid.
"The project is expected to start constructionwithin 4 months and has to be completed within the 18 followingmonths", commented Gino Van Neer, founder of Enfinity. All PV systemswill be PV tracker panels, installed on land. Enfinity is in theprocess of setting up the Dunhuang joint venture company and confirmingthe EPC contract. In the near future Enfinity will develop a total of500 MWp of PV installations in the Dunhuang region.
"Winningthis bid is an important milestone for Enfinity’s internationalexpansion strategy and it will act as an entrance ticket towards thehigh potential Asian market," added Gino Van Neer.
NDRC of Chinaalso intent to set up a bench mark FIT (Feed in tariff) at 1.09yuan/kWh that Enfinity proposed. Enfinity as the only foreign playerwho participated in the tender has attracted a lot of attention in Asia.
Followedby the success of the Dunhuang project, Enfinity is continuing thedevelopment in China. This week, Enfinity had its first self-developedproject in Shizuishan (Ningxia province) approved by the provinciallevel government. The 10MWp project is ready to be submitted to NDRCfor the FIT approval.
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