eSolar Technology to Drive China Solar Power Projects

11 January 2010 (Last Updated January 11th, 2010 18:30)

eSolar has sealed a licensing agreement with China Shandong Penglai Electric Power Equipment Manufacturing to build at least 2GW of solar thermal power plants in China over the next ten years. Penglai Electric will use eSolar's concentrating solar power (CSP) tower technology to build t

eSolar has sealed a licensing agreement with China Shandong Penglai Electric Power Equipment Manufacturing to build at least 2GW of solar thermal power plants in China over the next ten years.

Penglai Electric will use eSolar's concentrating solar power (CSP) tower technology to build the solar plants in China through to 2021 in a bid to annually reduce carbon emissions by 15 million tons.

The first solar thermal project will be a 92MW plant, owned and operated by China Shaanxi Yulin Huayang New Energy.

Shaanxi Yulin Huayang New Energy chairman and president Zhao Weikang said the first hybrid plant will make up part of the 170km²
Yulin Alternative Energy Park, the first large scale alternative energy park in China.

Construction work on the first plant will begin this year.

China plans to achieve an overall renewable power generation capacity of 15% by 2020, this will include at least 10,000MW of solar energy.