Posted October 06, 2019 17:20:24A US energy company is installing solar panels atop its production plant in the city of Wuhan, China, in a bid to reduce CO2 emissions and boost the competitiveness of its factories.
The company’s solar panels, which will be installed in the Wuhans solar park, will be the first of their kind in China and the first such facility to be developed in the country, said Jason Wargo, the president and CEO of SolarEdge.
“The Wuhang Solar Park is an important investment in China’s solar energy sector and is an example of a new energy strategy in the region,” Wargo said in a statement.
“We are very excited to help the local industry by making solar energy a competitive alternative to coal-fired power plants.”
SolarEdge is one of a number of US companies that have been building solar power plants in China since 2016, with the US having the largest market share.
But it has been unclear whether the solar panels will be deployed at the factory or the local plant, which is the world’s largest.
In Wuhany, the company is building a $2.5 billion solar power plant with more than 40 megawatts of solar power, which it hopes to begin supplying in 2020.
“Our plan is to deliver the solar power to the Wufan solar park by the end of 2020,” Wargaros said.
The factory is located on the outskirts of the city in Wuhanchen County, a rural area about 140km (80 miles) north of Beijing, and is located in a region of a few thousand people.
It is one in a series of solar plants built by the company that have also been installed in rural areas in other Chinese cities.
China has become one of the worlds largest producers of solar panels over the past few years, with an increase in output of solar capacity of more than 400 gigawatts (GW) in 2018 alone.
But while the country has ramped up the installation of solar-generated power, solar-panel production in China is declining and is now at a low level.
In 2016, China surpassed the US to become the world leader in solar panel production with 7.6 GW of panels installed.
But it is expected that in 2020, that number will fall to 5.6GW.
Wargaroes said the solar park project is a way to bring solar power closer to people and to encourage the development of the sector.
“This will enable the development and the expansion of solar energy and also to support our local industry,” he said.