Lingang Distributed Solar Power Project (NDB-lingang-china)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of the People's Republic of China, Shanghai Lingang Hongbo New Energy Development Co. Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 34.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 21, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The objective of the project is to reduce carbon emission and promote renewable energy development, through using roof-top solar photovoltaic power technology to generate electricity in Shanghai Lingang Industrial Area (SLIA). The project aims to reduce 73,000 tons of carbon emission per year, providing electricity generated through 100 MW roof-top solar photovoltaic power with 1,155 effective generation hours per year. With the benefits from near point electricity generation, the project helps save the costs of potential transmission losses from importing electricity from provinces outside Shanghai.

The project will be divided into more than 30 sub-projects, sequentially implemented over a 3-year period. A 3 MW onsite pilot project has been successfully implemented to prove the concept. Electricity generated by the roof-top solar photovoltaic power will be sold to SLIA and the state grid.

Investment Description
  • New Development Bank (NDB)
Private Actors
Contact Information

NDB HEADQUARTERS

SHANGHAI OFFICE
32-36 Floors, BRICS Tower
333 Lujiazui Ring Road, Pudong Area, Shanghai – 200120, China

For further information, comments or suggestions please reach out to us at info@ndb.int.