China Sunergy will arrange the construction of the projects, and then own and operate these two solar parks itself.
China Sunergy Co. Ltd. announces that it has completed the transactions to procure its first two solar park projects in the United Kingdom. The two solar parks with a size of about 5MW each are located in the southwest of Cornwall region. China Sunergy will arrange the construction of the projects, and then own and operate these two solar parks itself.
Thanks to the high irradiation of above 1,000kWh per square meters a year at the site locations in the southwest of Cornwall region, the two solar parks will be able to produce high energy output levels to effectively increase the economic return. The construction of the two solar parks will commence in the forthcoming weeks and is expected to be connected to the grid before April to be entitled to Renewables Obligation Certificate (ROC) level of 2.0 per MWh. These two projects will be equipped with China Sunergy's high efficiency polycrystalline modules.
The latest figures from the U.K. Department of Energy and Climate Change show a total installed capacity of about 1.3GW of PV nationally at the end of September 2012. With a firm belief in the UK market's promising potential, China Sunergy will further cooperate with local partners and seek opportunities to increase its investments in solar projects in the coming future.