With an estimated investment of RMB 1.2 billion (US$194.8million), Clenergy and CGN Solar Energy will set up a local project company for the new project. The agreement envisions two sites, with 18MW of production in Jinniu Town and 100MW in Daying Town. The first phases of both projects are expected to enter early production in 2014.

Binchuan County in Yunnan, China, recently committed to 118MW of solar PV projects that will be operational by the end of 2015.

Clenergy, the solar park solution provider, co-operates with its strategic partner CGN Solar Energy, China's leading solar power provider, on an investment and development agreement with Binchuan County. The agreement comes on the heels of a 300MW project agreement with the city of Lijiang, which is also in Yunnan, that the two companies signed in March.

According to the agreement, Clenergy and CGN Solar Energy will progressively develop solar energy in Binchuan according to local economic development demands, regional market factors and national industry policies.

With an estimated investment of RMB 1.2 billion (US$194.8million), the two partners will set up a local project company dedicated to the planning, construction, operation and other EPC services for the new project. The agreement envisions two sites, with 18MW of production in Jinniu Town and 100MW in Daying Town. The first phases of both projects are expected to enter early production in 2014.

Binchuan enjoys rich solar energy resources, with long hours of sunshine, strong solar radiation and a relatively flat topography. The area is widely acknowledged as an ideal location for solar power development.

Clenergy, CGN Solar Energy and the Binchuan government are confident that the projects will drive the development of local solar industry sectors including silicon materials, modules, equipments and others. The projects will also spur local job opportunities and government revenue, making Binchuan a wonderful example of clean energy development in Yunnan and in China.


About Clenergy:
Clenergy International is a leading Sino-Australian joint venture in the solar PV industry, providing high quality, versatile solar PV mounting products and solutions for commercial, residential and utility-scale customers. Headquartered in Xiamen, China, with branch offices in Australia, Germany, the United Kingdom, Japan and the United States, its inverters and power electronics equipment are supplied with full local technical and service support. An ISO 9001 accredited company, all Clenergy's products comply with international standards. By focusing on quality, innovation and service, Clenergy have been able to achieve rapid growth and build a strong international reputation. Clenergy maintains long-term strategic partnerships with many leading companies in the solar PV industry. Through its partners, Clenergy supplies products and solutions in more than 19 countries around the world. For more information, please visit http://www.clenergy.com/