China: IPP with Creditworthy C&I Off-takers

In China, we now operate approximately 196.8 MW of rooftop solar, concentrated in a few eastern provinces with favorable development environments. The commercial and industrial electricity prices in those provinces are relatively high, and electricity off-takers are generally credit-worthy enterprises. Self-consumption DG projects in those provinces are attractive investments.

In order to evolve the Company into an asset-light solar project developer, we expect eventually to monetize our China DG assets. This will further strengthen our balance sheet, reduce leverage, and improve cash flow.

Successful Cases

China, Fujian
China, Henan
China, Henan
China, Henan
China, Zhejiang
China, Fujian
China, Hennan
China, Fujian
China, Jiangsu
China, Henan