CECEP Solar Energy (SHE:000591) plans to build a photovoltaic hybrid power generator for 470.7 million yuan, according to a Shenzhen Stock Exchange filing on Wednesday.
The generator, with a capacity of 100 megawatts, will be located in the Chinese district of Muping in Shandong Province.
The Chinese solar panel manufacturer expects to receive an internal rate of return of 11.86% from the project for an investment payback period of 13.5 years, the filing said.
The construction and investment will be made through the company's unit, China National Energy Conservation (Yantai) Solar Technology.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments