Jinchang City, China, May 9, 2012 — The Jinchang Municipal Government and Shanghai Alex Solar Energy Science and Technology Co. signed an agreement to develop 1 GW of photovoltaic solar capacity in the Jinchang City development center over a 5-year plan extending to 2016.
The signing ceremony marks the beginning of Alex Solar's long-term growth plan to expand in the municipality of Jinchang, a city known for its vast land and rich sunshine.
The total investment is said to be about $1.75 billion and is owned, financed and developed by Alex Solar. The company will build solar power stations in the western slope of Jinchang City and the new factory will be developed in the area identified as the new Economic and Technological Development Zone, which has a scale of 300 MW alone.
Alex Solar is engaged in the research and development, manufacture, sales and technical support of crystalline silicon solar modules, solar cells, photovoltaic application systems and other relevant solar products. The company has several projects in Europe, Australia, and Asia. Alex Solar currently has a vertically integrated annual production capacity of 600 MW.