State Power Investment Corporation Photovoltaic Energy Storage Investment

Who is state power Investment Corp?

State Power Investment Corp, the world's largest investor in solar power generating plants, has been stepping up efforts in clean energy transformation and is now taking a lead in the sector.

What has changed at State Power Investment Corp?

"State Power Investment Corp has undergone earthshaking changes through transformation from a thermal-intensive to a green power-dominated energy company, and from a traditional power generation enterprise to a forerunner of clean energy," said Qian Zhimin, chairman of the company.

Who is SPIC solar power?

SPIC is a leading developer of solar power projects in China, with a focus on both utility-scale and distributed solar projects. The company operates a number of solar power plants in China, including the Qinghai Golmud Solar Power Plant, the Ningxia Yanchi Solar Power Plant, and the Shanxi Datong Solar Power Plant.

Where is SPIC based?

The company was established in 2015 through the merger of two state-owned power companies, China Power Investment Corporation and State Nuclear Power Technology Corporation. SPIC is headquartered in Beijing, China and has operations across the globe.

When will Xingchuan demonstration photovoltaic power station be completed?

It plans to complete the solar park by September 2023. SPIC said it completed the pilot solar power plant near the town of Zhengdou, in China's Sichuan province. The Xingchuan Demonstration Photovoltaic Power Station is the first unit of a 600 MW project that SPIC is building in the area at a planned cost of CNY 3.2 billion ($444.2 million).

What happened to China Power Investment Corp and state nuclear power Technology Corp?

In July 2015, China Power Investment Corp and State Nuclear Power Technology Corp, the country's two major electricity industry players, merged into State Power Investment Corp.