Solar Power Inc. (SPI) says its wholly owned subsidiary, SPI Solar Power Engineering (Suzhou) Co. Ltd., has signed an agreement with Jingzhaolai PV Power Co. Ltd. of Inner Mongolia to provide engineering, procurement and development services for its 20 MW utility-scale photovoltaic project located in Ulanqab, Inner Mongolia, a province of China.
Construction of the project is scheduled to begin in April, with grid connection expected in June.
‘This agreement strengthens SPI's market position in Inner Mongolia, a fast-growing PV market with substantial solar development potential,’ says Xiaofeng Peng, chairman of SPI. ‘The Chinese government continues to demonstrate its unwavering commitment to solar energy, recently increasing China's PV installation target for 2015 from 15 GW to 17.8 GW of new capacity. As a leader in China's downstream solar market, we are confident that SPI will benefit significantly from these positive macro trends.’