Chinese firms sign solar power deals in Greece

Jun 06, 2011 12:00 AM

Two Chinese energy firms signed deals totalling EUR 2.8 bn aimed at boosting Greece's use of solar power, a Chinese trade association announced.
"The cooperation in solar energy in Greece has a brilliant future, because Greece is very advantageous in solar energy and sunshining," said Zhang Yujing, head of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME).

Chinese energy group Dongfang, based in Chengdu, has signed a deal with Greek firm DTS, for a "long-term strategic cooperation" on two projects, said the Greek group's chairman Vassilis Dritsas
The first project is to produce 250 MW and the second is for 750 MW, Dritsas added, for a total EUR 2.5 bn ($ 3.7 bn).

A separate deal was signed between SinoSolar, which has already landed seven projects in Europe, and Fyllo Energy for the production of 110 MW of electricity for a EUR 35 mm investment, said SinoSolar executive Xin Ma.
"The weather is very good, high temperatures and the sunshine is very strong, which is good for solar energy. The logistic here (in Greece) is very good," said Ma.

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