China Wind Power signed 5GW solar project deals

摘要

CWR which started developing and operating utility scale solar power projects in China, signed 5GW MOU of solar projects, of which 420MW is to be developed in 2014. By end-2013 it was operating 150MW of solar power plants, notes Macquarie Equities Research. Management indicates that in 2014 CWP's operating solar capacity with an equity IRR of over 17% could account for 40-50% of its attributable power capacity.