The China Minsheng Investment Groups (CMIP) renewable energy division has said 1 GW of PV demonstration projects in Ningxia province, which had been previously postponed for unspecified reasons, are again moving forward.
CMIP New Energy is collaborating with Ningxias provincial government in driving the project.
The company finished the procurement bidding of PV plant inverters in March, with Shanghai Energy and Huawei winning the order for centralized and string inverters, respectively.
According to a cooperation agreement between CMIP New Energy and the Ningxia government, CMIP will invest CNY 100 billion ($16.1 billion) in five areas, including solar PV plants, in the next three to five years. CMIP said solar PV was one of the most significant areas of its business. The company plans to invest up to CNY 200 billion ($32.2 billion) in solar development across China in the next five years.
CMIP is one of the largest private investment groups in the country with a registered capital of CNY 50 billion ($8.05 billion).
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.