(Yicai Global) July 3 -- Two photovoltaic power plants backed by Shenzhen Topray Solar Co. [SHE:002218] were connected to the grid on June 29. Their combined generation capacity is expected to exceed 100 million kilowatt-hours a year.
Shenzhen Topray Solar said yesterday that its wholly-owned subsidiary, Qinghai Topray New Energy Technology Co., has a 30-percent stake in a 50-megawatt facility that was developed by Golmud Huaneng Topray New Energy Power Generation Co. It can produce 75 million kilowatt-hours per year. Qinghai Topray New Energy has a 20-percent stake in a 20-megawatt plant that was developed by Qinghai Huazhi New Energy Co. It has an annual output of 30 million kilowatt-hours.
Qinghai Topray New Energy will receive its share of profits generated by the power stations, Shenzhen Topray Solar said.