Guidong Power Signs Investment Agreement With People’s Government of Babu for the Development of 500MW of Solar Projects

PVTIME – Power generation and supply company Guangxi Guidong Power Electric Power Corp., Ltd. (hereinafter referred to as “Guidong Power” recently announced the signing of an investment agreement with the People’s Government of Babu in Hezhou for the development of wind energy, photovoltaic, thermal power, and energy storage projects.

According to the announcement, Guidong Power will be developing a photovoltaic power generation project for the reservoir and its surrounding mudflats, plant roofs, abandoned mines, agricultural production bases, barren hills, and other regional resources. The installed scale of the planned PV project is estimated to be more than 500 MW, and the investment total of the project will be about 2 billion yuan.

The specific construction scale and total planned investment of the solar, thermal energy saving energy project involved in the framework agreement are only preliminary estimates. The investment scale and investment amount still need to be determined based on subsequent feasibility studies and further investigations and evaluations. The projects outlined in the agreement are planned over multiple years in batches and phases. The source of the project funds is not yet clear and there are uncertainties.