Solar Plant in China
OCI announced that it held a ribbon-cutting ceremony to mark the completion of “OCI-Hongze solar power plant” in Huai’an city, Jiangsu province of China, on January 27. It is the 10-megawatt solar power plant located in a 270,000-square-meter-wide crab farm in Hongze County of Huai’an, China.
The plant, able to produce electricity for some 3,600 households, will become a supplier to the State Grid Corporation of China, the nation's largest electricity grid operator, for the next 20 years. It will bring an annual carbon dioxide reduction effect of 1,471 tons and substitution effect of 450,000 tress of nut pine, according to green energy and chemical company OCI.
OCI aims to build a total of 125 megawatt plants in the lucrative Chinese distributed solar power generation market this year. In order to do so, the company attracted investment for solar power generation plants in China in Jiaxing, Zhejiang province, and established OCI Solar China, a solar energy generation holding company which generalizes subsidiaries, on January 21.
According to China’s National Energy Administration (NEA), China added 15 gigawatts (GW) of solar power capacity in 2015, up more than 40 percent from 10.6 GW in 2014. It is expected add another 15 GW this year.