Sunday, October 12, 2014

SPI cuts Inner Mongolia deal

SPI Solar subsidiary, Xinyu Xinwei New Energy Company, has signed an engineering, procurement and construction agreement with Inner Mongolia Jingzhaolai Energy Company for a 20MW solar project in Wulaichabu City.

The deal is SPI Solar’s first agreement for a PV project in the Inner Mongolia region of China.

Work on the project is scheduled to start this month, with completion and grid connection expected before the end of the yaer.

SPI chairman Xiaofeng Peng said: “This agreement marks a new geographic expansion of SPI Solar’s presence in the rapidly growing market for solar across China.

“To date, we have now initiated projects in various regions of China, underscoring our ability to execute our global strategy while also expanding our market presence within China.”

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