NANCHANG, Aug. 24, 2009 (Xinhua News Agency) -- The Taiwanese Lite-On Technology Corporation has signed with Yingtan's city government in east China's Jiangxi province to co-establish a thin solar film power generation project for agricultural greenhouses.
Financial details for the project have not yet been released.
The company signed a previous deal with Jiangxi's Shangrao city to develop a solar power (OTCBB:SOPW) generation systems for five agricultural greenhouses, each with an installed capacity of 20 kilowatts. The system's investment budget totalled at five million yuan.
Lite-On, established in 1975, is an electronics and information product provider, making such products as light-emitting diode (LED), computers, semiconductors and the internet communication products.
Chinese government has set a new target of adding 20 GW of installed photovoltaics (PV) power generating capacity in the 10 years from 2010 to 2020, which means an increase of two GW for each year, said an official with a Chinese solar PV enterprise.
"The figure is bigger than the current combined installed capacity of the globe, and it's really a big stimulus to PV enterprises, meaning huge market space of home PV industry," said the company president who has been invited to give opinions on the pending stimulus plan for new energy industry by the National Development and Reform Commission.
China now has several solar PV enterprises listed in foreign stock markets. They include SunTech Power Holdings Co., Ltd. (NYSE:STP) (STP.NYSE), LDK Solar Co., Ltd. (NYSE:LDK) (LDK.NYSE), Trina Solar Limited (NYSE:TSL) (TSL.NYSE), Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) (SOLF. NASDAQ) and China Technology Development Group Corporation (NASDAQ:CTDC) (CTDC.NASDAQ), Yingli Green Energy (NYSE:YGE) (YGE.NYSE), and JA Solar (JASO.NASDAQ).
