Huatai News

The Approval of Solar Power Project from Yumen city for Dayao Technology Co., LTD. (the Subsidiary of Beijing Huatai Zhonghao Investment Group)

      In February, 2013, Dayao Technology Co., LTD., a wholly owned subsidiary of Beijing Huatai Zhonghao Investment Group, acquired the “Approval on the 20 MWPhotovoltaic Power Generation Project in Yumen, Guangxi”(National Development and Reform Commission and National Energy Administration〔xxxx〕No. xxxxx). The approval of this new construction project indicates that the preparation has been completed and enteredformally into thesubstantial constructionstage.The planning construction area is supercritical coal-fired generating unit and the factory is located in Yumen Economic Development Zone of Gansu province.As one of the most important renewable energy, Photovoltaic industryhas become one of the fastest growing high-tech industries in the worldbecause it’s clean, hygienic, safe and resourceful. All countries in the world are introducing policies concerning"New Energy Law", aiming to encourage the development of photovoltaic industry and other new energy.It’s expected by related authority that the production of photovoltaic modules will be developing at a rate of 20% to 30% over the next 10 years, reaching 4.5GW/ year and the total installed capacity will reach 18GW. In the middle of this century, solar photovoltaic power generation will reach 15% to 20% of the world's total power generation, becoming one of the basic energy sources for mankind. Under the impetus of the rapid development of the domestic photovoltaic industry, Yumen municipal government of Gansu provincplotted the key development plan centering on wind power, photovoltaic, high-energy load, and made important instructions on energy conservation and emissions reduction.

     Dayao Technology Co., LTD., the wholly owned subsidiary of Beijing Huatai Zhonghao Investment Group, is responsible for the construction and management of this project, with the total investment of 200 million yuan, and the installed capacity 20MWp.

    The annual electric production of the project is about 33.34 million KW/H. According to the feed-in tariff of 0.85 YuanKW/H, the annual sales revenue is about 28.34 million Yuan, annualrevenue 2.267 million Yuan, annual standard coal saving 10,700 tons, carbon dioxide reduction 300 tons, reduction of carbonemission dust30,000 tons. From above analysis, we can see that the completion of this project is of great significance, not only to promote the green economy development, but also the scale development ofYumen photovoltaic industry gradually.