Ceepower Subsidiary to Build Photovoltaic Project for Nanjing Tech University

Yicai

2016-12-09

(Yicai Global) Dec. 9 -- Electrical equipment manufacturer Ceepower Co. [SHE:300062] will build a 1.5MW distributed photovoltaic power generation system and a model photovoltaic microgrid for Nanjing University of Technology (Nanjing Tech).

Ceepower’s subsidiary, Shanghai Yiguan New Energy Co. has signed a cooperation framework agreement with Nanjing Tech, and will build a distributed photovoltaic power generation system and a model photovoltaic microgrid on the university campus, Ceepower said last night.

The plant will cover a floor area of 17,768 square meters and is expected to generate about 1,696,900 kWh in the first year after completion.

Through the partnership, its operation of the microgrid and exploration of new service models will help the company gain new sources of profit growth and transform into an operator of energy network solutions.