RenewableEnergyAsia: Received go-ahead from the govt of Inner Mongolia, for the construction of a 10MW solar energy farm. Project is part of the 285MW Green Energy Park concession in Zhenglanqi, Inner Mongolia, secured by REA Group last May. In addition to the solar energy farm, co will develop a 250MW wind farm, and a 25MW bio-fuel plant in the Park in phases...
Total cost of invtment for the farm is estimated to be arnd Rmb190m and is to be completed within 5 yrs. Govt is planning to pump in some Rmb5t in invtments btwn 2011 and 2020, to promote the dev of its renewable energy industries. Recent wins have been wind farm projects (JV with China Datung) and this is its first solar farm contract, co has yet to turn a profit from prev results in Sept. Co reports semi-annually, with Mar results expected in May.
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