Successful Grid-Connection for 20MW Qinghai Gonghe Solar Power Plant

HONG KONG, Sept. 18, 2013 /PRNewswire/ -- Goldpoly New Energy Holdings Limited ("Goldpoly" or "the Company," HK stockcode:686, whose largest shareholder is China Merchants New Energy Group "CMNE"), today announced that the Qinghai Gonghe 20MW solar photovoltaic ("PV") power plant successfully achieved grid-connection today. To date, Goldpoly operates more than 130MW of grid-connected PV Power Plants.

The Qinghai Gonghe 20MW power plant is located in the PV Park, Gonghe County, Qinghai Province, which enjoys clear skies and strong sunlight. It is an ideal location for building large-scale solar PV plants, having on average around about eight hours of daylight per day, which is around 2,910.6 hours of daylight per annum as a reference. The production capacity of the project is about 20MWp with an annual utilization time of approximately 1,700 hours and an estimated operating life of around 25 years with an average annual generating capacity of 32.054 million kWh. The successful grid-connection of the PV power plant has increased the proportion of renewable energy within Western China. This has become a meaningful moment to promote sustainable economic development in Qinghai minority areas.

Mr. Alan LI, Executive Director/CEO of Goldpoly, said: "Goldpoly has large ground solar power plant successfully connected onto the grid again, representing the company is step by step on solar power plants construction, as well as achieving the goal of investing and operating 5GW solar power plants within five years."

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