CECEP Solar Energy's Units to Trim Electricity Settlement Price of Photovoltaic Project

MT Newswires Live02-20

CECEP Solar Energy's (SHE:000591) units agreed to lower the settlement price for the operation of a rooftop distributed photovoltaic power generation project, according to a Shenzhen Stock Exchange filing on Thursday.

CEC Hubei Solar Technology had agreed to develop CEC (Jingmen) Environmental Science Water Technology Development's 2-megawatt rooftop photovoltaic power project in 2024.

In the amended deal, the settlement electricity price is no longer 0.68 yuan per kilowatt hour but will be lowered to 0.5 yuan/kWh, which is based on CEC Jingmen's quarterly electricity bill, the solar panel manufacturer said.

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