Lingang Distributed Solar Power Project (NDB-lingangdistributedsol)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Shanghai Lingang Industrial Area, Pudong, Shanghai
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Active
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.
Voting Date
Apr 13, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • 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)
$ 73.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported RMB 525 million
Converted using 2019-10-06 exchange rate.
Loan Amount (USD)
$ 73.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported RMB 525 million
Converted using 2019-10-06 exchange rate.
Project Cost (USD)
$ 104.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported RMB 750 million
Converted using 2019-10-06 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Nov 20, 2019


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Project Description

According to the bank document,  the project aims 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 is expected to 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.

The project is estimated to be implemented over 3 years between 2017 and 2019. Suppliers for the project will be selected through a competitive and transparent bidding process. The loan will be repayable in 28 structured semi-annual installments over 14 years, starting from 2019.

 

Investment Description
  • New Development Bank (NDB)

The overall cost of the project is estimated to be RMB 750 million over a 3-year period. The proposed financing plan includes a loan of RMB 525 million from NDB and RMB 225 million financed by Lingang Group.

New Development Bank RMB 525 million (US$ 73.44 million)

Lingang Group RMB 225 million (US$ 31.48 million)

Private Actors
  • Lingang Group -- Investor
  • Shanghai Lingang Hongbo New Energy Development Co. Ltd. -- Implementing Company
Contact Information

*There is no further information being disclosed at this stage of the project*

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