Chinese firm China Fangda Group Co Ltd (SHE:200055) said today it has agreed to invest in 400 MW of distributed generation photovoltaic (PV) projects in Jiangxi province.

The company entered into two separate framework agreements for the solar schemes. It did not disclose any financial details on the planned investments.

China Fangda sealed one of the deals with the local government of the city of Nanchang to jointly construct a total of 300 MW of distributed generation (DG) solar arrays. The scheme is to be completed by end-2018.

One of the firm’s units also agreed with the government of Long county for another distributed PV plan involving 100 MW of solar systems throughout the next three years.

China Fangda makes energy-saving curtain wall systems and other related products, as well as rail transportation equipment. It is developing PV projects as the solar sector in China provides very attractive investment opportunities, thanks to the government’s incentive programmes.

SeeNews Renewables | January 8, 2015

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

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