The agreement was signed in Chinese State Council building and it will be the beginning of partnership between eSolar and Penglai Electronic. It is the largest project in solar power field, which China has ever had.
The first part of the project will set ground this year. It will create a solar power plant that will be operated by China Shaanxi Yulin Huayang New Energy Company and be capable of generating 92 megawatts of power.
“Using the power of the sun, eSolar’s technology minimizes the environmental impact on manufacturing and deployment while maximizing land and cost efficiency,” said Liu Guangyu, chairman and CEO of Penglai Electric. “We are extremely grateful to the Chinese government for playing a major role in promoting zero-carbon renewable energy.”
The solar power plants, which are currently scheduled to be completed by 2021, will utilize eSolar’s solar thermal technologies. In total, the 2 gigawatts of solar power generated by the plants will eliminate 15 million tons of carbon dioxide emissions every year.