Tebian focuses on solar plants
Updated: 2013-07-11 18:00
By Xie Yu in Shanghai (chinadaily.com.cn)
Tebian Electric Apparatus Stock Co, China's largest transformer manufacturer, announced a plan on Wednesday to invest more than 2 billion yuan ($326 million) in eight solar plants and a wind farm.
Analysts said investment in solar plants is less risky due to the integration of solar power into the national grid.
A report released by the National Energy Administration in August said China will have 21 million kW of installed solar power generation capacity by 2015, six times more than the current amount.