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Suntech Courts Subsidies With 1.5MW BIPV
Solar cell and module manufacturer Suntech Power Holdings (NYSE:STP) announced Tuesday that it plans to create a 1.5MW rooftop solar system covering 19,000 square meters on a building housing a subsidiary of Jiangsu Guoxin Asset Management Group in Huai'an, Jiangsu province. Scheduled to be complete by October 2009, the project will be the province's first grid-connected system of more than one megawatt.
Suntech expects the system will be eligible to receive China's recently announced subsidies of RMB 15/watt for rooftop- and wall-based photovoltaic projects. More than 200MW of projects plan to apply for building integrated photovoltaic and rooftop subsidy program in Jiangsu province, an industry representative said at a late April subsidy meeting in Suzhou.
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