Hanergy to Build 50-Megawatt Solar Power Plant in China

Hanergy Solar Group Ltd., a Hong Kong-based renewable-energy company, is planning a 50-megawatt solar project in eastern China that will cost 627.6 million yuan ($100.8 million).

The project in Xuchang City in Henan province is expected to begin construction next month and will be completed by March 2016, Hanergy said today in a statement.

Hanergy will invest 125.5 million yuan in the project and expects the remaining 502 million yuan to come from bank financing, according to the statement.

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