10 megawatt rooftop power station project in Rongcheng, Shandong Province
The Group’s new project in Rongcheng was completed installation in January 2015 and commenced power generation in March 2015. It was entitled to the Central Governmental subsidy of RMB0.42/kWh and a local subsidy of RMB0.05/kWh. In addition, the project was granted a bank loan of RMB50 Million by Beijing Commercial Bank, which was one of the first loans to be granted to the distributed solar project with power purchase agreement (PPA) as collateral.