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Last updated on May 26, 2012 at 17:19 EDT

Enfinity Signs Major Chinese Agreements With China Guangdong Nuclear Power Corporation, Ningxia Region and Qinghai Province

October 7, 2009
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BRUSSELS, October 7 /PRNewswire/ –

– An Important Joint Venture Contract has Been Signed Today in Brussels
in Presence of the Chinese Vice President Xi Jinping and Belgian Prime
Minister Herman Van Rompuy

As a market leader in the clean energy sector, China Guangdong Nuclear
Power Corporation (CGNPC) is a Chinese company engaging in nuclear power as
its core business. Enfinity is an international company active in renewable
energy projects with its head office located in Belgium. Its main business
includes the development, investment, financing (project financing),
construction, operation, management and maintenance of renewable energy
projects.

Joint Venture Agreement for development of solar projects

Following their successful cooperation on the concession tender of
Dunhuang 10 MW grid-connected PV power plant in China, CGNPC and Enfinity
will establish a Joint Venture company in China. The Joint Venture will focus
on the construction and development of solar power projects in China, as well
as the promotion of the strategic development of the solar power industry.

“The Joint Venture will initially focus on photovoltaic (PV) projects and
then may select and develop other business in the solar power industry chain
that enhances the core competitiveness of the Joint Venture and its high
ancillary value,” commented Mr Qian Zhimin, Chairman of the Board of CGNPC.

“This Joint Venture will become for Enfinity a platform to develop solar
activities on a utility scale”, says a very proud Gino Van Neer, Founder of
Enfinity and CEO of Enfinity Asia.

Major collaboration agreements for worldwide and regional Chinese
development.

Enfinity and CGNPC also agreed on the collaboration of international
renewable energy projects with a worldwide scope and a focus on Europe. “We
will in this agreement develop projects with a total capacity of 2000 MWp,”
says Mr. Han Qinghao – Chairman and General Manager of SCNPC Solar Energy
Development Co., LTD.

Followed by the success of the first 10 MWp project in Ninxgia region,
Enfinity is continuing the development in this area. A Collaboration
Agreement has been signed between Enfinity, CGNPC, Ninxgia region and
Shizuishan city for the development of 2000 MWp of solar energy projects in
the coming 10 years. At this moment land has been secured for the
construction of 200 MWp of solar power plants.

A similar Collaboration Agreement has been signed with Qinghai Province,
CGNPC and Enfinity for a PV power plant development of 2000 MWp for the
coming 10 years. In this agreement, land is secured for Enfinity for 100 MWp
and 10 MWp fully permitted under CGNPC.

    For further information, please contact:
    Enfinity China
    Jing Zhou - Head of Develop China - Phone: +86-021-28-90-96-50
    E-mail: jzhou@enfinity.biz - Website: http://www.enfinity.biz

    Enfinity Head Office
    Jurgen Van Damme, Press and Communications - Phone. +32-56-28-88-88
    E-mail: jvandamme@enfinity.be - Website: http://www.enfinity.biz

SOURCE Enfinity NV


Source: newswire