China WindPower Group Limited ("CWP" or "the Company" and its subsidiaries "the Group," HK stock code: 182), is pleased announced that two new PV power plants commenced power generation on23 December 2014. The two new PV power plants are respectively located at Nedong County, Tibet andIndiana, USA.
Nedong County, Tibet project with installed capacity of 20MW is located on the highest part inChina. The region enjoys one of the richest sunshine in the world. The expected power generation hours of this project is approximately 1,918h in the first year and the tariff isRMB1.15/kWh. The other project is located inIndiana, USA with installed capacity of 11.1MW. It is the largest distributed PV power plant inIndiana. The estimated power generation hours of this project is approximately 1,351h in the first year.
Mr. Yang Zhifeng, Executive Director and CEO of CWP, commented: "CWP has attained abundant light reserves in areas with light rich and quality resources since 2011, the year that CWP entered into PV power generation business. This has allowed CWP attributable installed capacity of PV power plants growth rapidly. The operation commencement of the two PV power plants marked CWP further expansion its presence in non-curtailment region and an implementation of its strategies on investing quality PV power plant projects. As the Chinese Government has promulgated PV industry support policies, the Group will further increase investment in photovoltaic power plants as well as further enhance the attributable installed capacity of PV power generation business."