WAREGEM, BELGIUM & SHANGAI, CHINA: A joint bidding team, initiated by Enfinity, won the first 10 MWp solar concession project
The Dunhuang PV Project involves an investment of 200 million yuan (27 mio euro), with an annual power production of 16.37 million kWh, and a franchised operation term of 25 years.
In late March 2009, the Chinese National Development and Reform Commission (NDRC) planned an open tender to confirm the on-grid electricity price and technical solutions. A total of 13 enterprises including major domestic power giants got the upper hand in the bidding, with tender prices ranging from 0.69 yuan/kWh (0.071 euro/kWh) to 1.9 yuan/kWh (0.196 euro/kWh).
The joint bidding team, which is initiated by Enfinity, has won the project with the price of 1.09 yuan/kWh. CGNPC and LDK Solar are the partners on the bid.
"The project is expected to start construction within 4 months and has to be completed within the 18 following months", commented Gino Van Neer, founder of Enfinity. All PV systems will be PV tracker panels, installed on land. Enfinity is in the process of setting up the Dunhuang joint venture company and confirming the EPC contract. In the near future Enfinity will develop a total of 500 MWp of PV installations in the Dunhuang region.
"Winning this bid is an important milestone for Enfinity's international expansion strategy and it will act as an entrance ticket towards the high potential Asian market," added Gino Van Neer.
NDRC of China also intent to set up a bench mark FIT (Feed in tariff) at 1.09 yuan/kWh that Enfinity proposed. Enfinity as the only foreign player who participated in the tender has attracted a lot of attention in Asia.
Followed by the success of the Dunhuang project, Enfinity is continuing the development in China. This week, Enfinity had its first self-developed project in Shizuishan (Ningxia province) approved by the provincial level government. The 10MWp project is ready to be submitted to NDRC for the FIT approval.
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