14 DAY TRIAL // China is one step ahead in the global race seeking to curb the amount of greenhouse gas emissions while boosting the usage of renewable alternatives to power households, without impacting the environment.
The most recent accomplishment revealing its sustainable goals marks the partnership between Canadian Solar Inc, one of the largest companies operating on the solar power market and China’s Ningxia Electric Power Group.
Both partners have recently announced the completion of a 10MW solar project, seeking to deliver up to 13,511,167 KWh of clean energy on an annual basis, as an extension for the 50MW solar plant, located in Hongsibao, Ningxia, in northwest China. This achievement is expected to guide China's steps towards a coal-free future, while tackling the appalling levels of greenhouse gas emissions and improving air quality.
Developers have indicated that the new solar project could cut down CO2 emissions by 18,900 tons every year. Moreover, affordable, eco-friendly energy would replace 5,200 tons of coal required every year by the nation.
"This is the first step of a strategic collaboration between Canadian Solar and Ningxia Power Group. Canadian Solar’s global technology and finance experience in solar power plant EPC will definitely help the development of solar power plants in China," affirmed Yingkuan Liu, chairman of Ningxia Power Group.
The collaboration between China and Canadian Solar will help the nation offset its carbon footprint and redefine its position as a major player on the global solar market.
On the other hand, Canadian Solar is eager to expand its contribution, by supporting the development of renewables worldwide, through other nine projects worth approximately $470 million Canadian dollars (€360m/$US461m), displaying a total capacity of 86 MW in Ontario, to TransCanada Corporation.
These green projects involving renewable power are expected to green up households and businesses starting late 2012.
"We are pleased with the successful collaboration with Ningxia Power Group. The success of our EPC project reflects our shared vision for cost-effective, environmentally friendly solar energy solutions. As China continues to evolve into a major PV power market over the next few years, Canadian Solar plans to be a major player in driving such growth," revealed Shawn Qu, chairman and CEO of Canadian Solar.