China undertakes solar-thermal power project in Greece

China Gezhouba Group Corporation (CGGC), a subsidiary of China Energy Engineering Group, recently signed an engineering, procurement and construction (EPC) contract for a MINOS 50 MW tower-type solar-thermal power project in Greece with Nur-MOH Heliothermal S.A.

The contract is a model of cooperation between Chinese and Western companies in third-party markets and a breakthrough as China's solar-thermal electricity generation goes global.

The project is located at Crete, the largest island of Greece. It uses the energy storage capability of solar-thermal technology to transform local rich solar energy into stable, consecutive and peak shifting electricity so as to reduce the island's reliance on diesel to generate electricity and protect the environment.

The solar-thermal power project is a cooperated project between CGGC, Zhejiang province-based SUPCON and British investors. It marks the first time that China's solar-thermal power industry has gone overseas in the form of an EPC project.

The close cooperation between CGGC and SUPCON as members of the International Investment Alliance for Renewable Energy reflects the alliance's ability to integrate advantages in China's new energy industry.

(Executive editor: Li Shuling)