China Technology Development Group and Qinghai New Energy Group have signed an agreement with the local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region to build a 30MW on-grid solar power station in Qaidam Basin of northwestern China.
Under the agreement, China Technology Development Group Corporation (CTDC) and Qinghai New Energy Group (QNE) will design, construct and manage the solar power station. The local government of Haixi region will provide support to obtain various local and central government backed incentives and providing land.
The installed power-generating capacity of the first phase of Qaidam solar power station comes to 30MW and the total objective of the project up to 1GW, said the company. CTDC and QNE will begin construction of the project in 2009 with an initial investment of $150 million.
Alan Li, chairman and CEO of CTDC, said: “With the commitment of the Chinese government to developing renewable energy technology, we expect that domestic solar energy and application market will expand in the near future.”
China Technology Development Group Corporation is a provider of solar energy products and services in China focusing on a-Si thin-film technology. CTDC claims to be the pioneer in China to produce the cutting-edge thin-film technology of the SnO2 solar base plate. SnO2 base plate is a type of TCO (transparent conductive oxide) glass, which is the key upstream component of thin-film solar cell.