Suntech Power Holdings Co. Ltd. says it expects to develop approximately 20% of the 91 MW of solar projects that were approved under China's Solar Rooftop Program.
China's Solar Rooftop Program, which was launched in March by the Ministry of Finance, is designed to increase the energy efficiency of buildings through the installation of building-attached and building-integrated PV solar systems. The first set of applications was submitted in April, and recently 111 solar projects totaling 91 MW across China were approved to receive funds through the program.
Suntech has completed 4 MW of its approved projects and plans to develop the remainder by mid-2010. Specific project agreements will be signed prior to implementation.
SOURCE: Suntech Power Holdings Co. Ltd.