Shunfeng Successful on-Grid Connection of 840 MW Solar Plants in China

Hong Kong, Jan 2, 2014 - (ACN Newswire) - Shunfeng Photovoltaic International Limited ("Shunfeng" or the "Group"; stock code:1165) is pleased to announce that 31 solar power plants held by the Group, with a total annual designed capacity of 840 megawatt (MW), have successfully achieved on-grid connection in Gansu Province, Ningxia Hui Autonomous Region, Qinghai Province, Shaanxi Province and Xinjiang Uygur Autonomous Region. The Group will continue to develop solar power plant and is confident to play a more important role in the solar power market in China in the near future.

Location/Number of Solar Power Plant/Megawatt (MW)
Gansu Province: 4/200
Ningxia Hui Autonomous Region: 1/30
Qinghai Province: 1/20
Shaanxi Province: 1/50
Xinjiang Uygur Autonomous Region: 24/540
Total: 31/840

Including the 50 MW solar plant in Jinchang, Gansu Province, that was successfully grid-connected on 8 December 2013, as at 2 January 2014, the Group has achieved a total grid-connected aggregate annual designed capacity of 890 MW.

Mr. Zhang Yi, Chairman of Shunfeng Photovoltaic said, "Thanks to the great effort of our experienced management team in solar power market, Shunfeng Photovoltaic has been completing our grid-connection milestones ahead of schedule by achieving a total of 890 MW on-grid solar capacities. Under the policy support from The Central Government and the financial support from large scale of financial institutions, we are full of confidence in achieving a further success in grid-connection in the near future."


About Shunfeng Photovoltaic International Limited
Shunfeng Photovoltaic International Limited is mainly engaged in solar power generation, development, operation and maintenance of solar power plants. The company also manufactures and sales of solar cells, solar modules, solar wafers and related solar products. The company takes the operating principle of the vertical integration from upstream to downstream industry chain derivative development. To the upstream, the company develops production of ingot and wafer; to the downstream, they build up the manufactures of solar modules. The Group is also involved in the development of solar power station projects in the PRC in order to improve the Company's operating performance and increase the Company's profitability.

Currently, the quality of certain products within the company had reached the leading position of PRC similar products. Some products have reached international advanced level, market share and popularity ranks forefront of the industry and the products are exported to Europe and North America.

Source: http://www.digitaljournal.com/pr/1662806