Municipal Party Committee Secretary Zhang Lingping said, "This project happens just in time to support China’s 12th Five-Year Plan for National Economic and Social Development focusing on the energy, technology and health care sectors."

Alex Solar will finance, develop, and own the CNY11bn ($1.7bn) worth projects over a period of five years.

The company will build solar power stations in the western slope of Jinchang City and develop a 300MW new factory in the Economic and Technological Development Zone.

Shanghai Alex Solar Energy Science and Technology Company is a vertically integrated solar product manufacturer and PV system solution provider.