China Everbright Greentech Limited has announced that it has secured Wendeng Biomass Electricity and Heat Cogeneration Project.
According to the investment agreement signed by the company and the People's Government of Wendeng District in Weihai City of Shandong Province, Wendeng Project will be invested in and constructed on a BOO (Build-Operate-Own) model, and will command a total investment of approximately CNY330 million (US$48.6 million).
The project is designed to have an annual biomass processing capacity of 300,000 tonnes, and is expected to generate around 180,000,000 kWh of green electricity annually.
Mr. Qian Xiaodong, CEO of Everbright Greentech, said:
"Everbright Greentech has secured several new projects recently, which demonstrates our strong business development and efficient execution capabilities. Wendeng Project is the Company's first biomass project in Shandong Province. Shandong is a major agricultural province in China, with agricultural lands accounting for more than 70% of the total land area of the province. In addition, as a key production area in China for food crops and cash crops, it has an abundance of agricultural resources, such as wheat, corn, sweet potatoes and peanuts.
We will leverage this project to strengthen our foothold in the biomass integrated utilisation market in the Jiaodong Peninsula."
Cleanergy and Datang Holdings New Energy Technologies have entered the execution phase of a Stirling Concentrated Solar Power (CSP) project in China.
Read moreCanadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
Read moreChina Everbright International Limited has announced that it has recently secured three greentech projects, including the Henan Sheqi Integrated Biomass and Waste-to-Energy Projects and the Jiangsu Lianshui Biomass Electricity and Heat Cogeneration Project, with a total investment of CNY857 million (US$124 million).
Read moreThe Asian Development Bank (ADB) signed agreements with 10 commercial banks to support Dynagreen Environmental Protection Group (Dynagreen) in clean municipal waste-to-energy (WTE) projects with advanced technologies in small and medium-sized cities in the People’s Republic of China (PRC).
Read moreChina Everbright International Limited has recently secured three environmental protection projects, including Changzhou Xinbei Waste-to-energy project Phase II in Jiangsu Province, Guixi Biomass Cogeneration projects in Jiangxi Province, and Zibo Hazardous Waste Incineration project in Shandong Province, which amount to a total investment of approximately CNY856 million (US$123 million).
Read more