AVIC unit to build solar plants in Britain
May 15, 2014 Category Alternative energy, Environment
A unit of Aviation Industry Corp of China (AVIC) will build an unspecified number of solar power plants in Britain, generating a total of 300 megawatt (MW). The announcement comes after the sale this year of its first UK project to Foresight Solar Fund, a British independent infrastructure and private equity investment manager. AVIC International Holding Corp would like to invest more in the industry, its Executive Vice President Pan Linwu told China Daily in London. We mostly “built the solar plant using our own technology, materials and components,” Pan said. “The success of this project is a good foundation for our investment in renewable energy in the UK and maybe other European countries. It also helped us to get to know the UK’s renewable industry.” The 12 MW farm, about 112 km northeast of London near Saffron Walden, Essex, was linked to the national grid in March. Development and construction took over a year. It is the biggest project of its type undertaken in the country by a Chinese firm. The 48-hectare Essex plant generates 30,000 kilowatt-hours daily in summer and supplies electricity to 2,500 households, equivalent to burning 23 tons of coal daily. “In May, we will set up three new solar plants, which will generate a total of 25 MW in the UK,” the General Manager of AVIC’s UK unit, Lou Yucheng said. “We will use the same format as the first one. If it succeeds, we will launch another 50 MW solar project soon.” State-owned and Beijing-headquartered, AVIC International Holding Corp was established in 1979. It had CNY150 billion in revenue last year. More than 60,000 people work for the company, including at 400 subsidiaries in more than 180 countries.
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