Skip to content
Advertisements

Alex Solar Lands 1 GW Project In China

May 9, 2012

Alex Solar? Not exactly a household name in the solar industry but the Shanghai-based solar company will be working on a 1 gigawatt (GW) project in Jinchang City, China over the next 5 years.

Despite not being considered a leader in the solar industry, the 1 GW of solar will be owned, financed, and developed by Alex Solar. The overall cost of the project is expected to be $1.7 billion and the power stations will be built on the western slope of Jinchang City.

Founded in 2007 by Shanghai Huayi (HY) Enterprise Group, Alex Solar has completed 4 projects totaling 55.2 megawatts (MW) of projects in the Czech Republic and two projects totaling 2.7 MW in Germany according to their Web site.

Alex Solar currently has a vertically integrated production capacity of 600 MW. With the Jinchang project using up approximately 200 MW of that capacity, Alex Solar will be looking for work.

While Suntech (STP :NYSE), Jinko Solar (JKS :NYSE) and LDK Solar (LDK :NYSE) would seem to be immediately threatened by the rise of Alex Solar, First Solar (FSLR :NASDAQ) and SunPower (SPWR :NASDAQ) better keep an eye on this company.

Alex Solar is currently hiring sales people who are proficient in English. And with the company already licensing technology from the United States, we would not be surprised to see them compete on projects in Arizona, New Jersey, New York, and California.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: