10MW Fishery Complementary Photovoltaic Power Generation Project of Yangzhou Jieyuan PV Power Generation Co., Ltd was Approved with China CDM Fund Con

10MW Fishery Complementary Photovoltaic Power Generation Project of Yangzhou Jieyuan PV Power Generation Co., Ltd was Approved with China CDM Fund Concessional Loan

On June 4, 2019, China Clean Development Mechanism Fund (Hereinafter referred to as “the CDM Fund”) Management Center issued Reply Letter to approve the CDM concessional loan of RMB 20 million with benchmark interest rate 20% lowered to 10MW Fishery Complementary Photovoltaic Power Generation Project of Yangzhou Jieyuan PV Power Generation Co., Ltd. The project can leverage social capital of RMB 77.88 million. And it’s estimated that totally 8,151tCO2e of greenhouse gas emission can be reduced.

The project is under the Green and Innovative Investment Business Mode jointly implemented by the CDM Fund, Jiangsu Province Finance Bureau and Bank of Jiangsu. Bank of Jiangsu financed to the project with RMB 20 million, and at the same time, provided guarantee for the funding by the CDM Fund. Jiangsu Province Finance Bureau will provide interest subsidy to the project enterprise.

The project is mainly about the construction of a 10MW fishery combined with PV Power Generation system and supporting facilities. When the project is completed, it’s expected that 11.64 million kWh PV power generation can be provided annually. By using PV power instead of traditional coal-fired power, the project can benefit energy mix improvement and facilitate the realization of greenhouse gas emission reduction.

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