AVIC International Holdings Group UK Company Invests in Solar Power Plant in the UK

AVIC International Holdings Group UK Company Invests in Solar Power Plant in the UK

For the best immigration news regarding the solar power plant project invested in by AVIC International Holding Corporation's UK subsidiary, please visit the official WorldWay investment immigration website.

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Recently, AVIC International Holdings Group UK Company held a groundbreaking ceremony for a 12-megawatt ground-mounted photovoltaic power station established for investment at Spriggs Farm in Essex, UK.

It is understood that the project has an investment of approximately £13 million, covering an area of 120 acres, and is planned to be integrated into the UK national grid after completion in November this year. The UK side will purchase electricity at a price of about 12 pence per kilowatt-hour (including government subsidies). This is the largest photovoltaic power station in terms of installed capacity built by a Chinese enterprise in the UK. Wang Ping, the general representative of AVIC International UK Company, pointed out that the photovoltaic modules for this power station are provided by domestic photovoltaic industry companies.

Regarding the recent "double anti" policy implemented by the EU on Chinese photovoltaic products, Lou Yucheng, the general manager of AVIC International UK Company, stated that this trade protection policy will have a negative impact on China's photovoltaic industry, and Chinese enterprises can only reduce the losses caused by this policy by pursuing independent development. In addition to this project, AVIC International UK Company has also successfully obtained the development rights for a 50-megawatt photovoltaic project.

In recent years, the UK government has placed special emphasis on the development of new energy and has introduced a series of government incentive subsidy policies. In terms of photovoltaic power generation, the UK government plans to reach an installed capacity of 20GW by 2020. Research institutions predict that the UK will experience a peak in the solar power generation market in 2013, potentially becoming one of the main regions for consumption growth in photovoltaic power generation. Furthermore, although the UK government ultimately reduced government subsidies by 50% on March 31 of this year, considering the decline in photovoltaic equipment prices, the subsidy policy for the photovoltaic industry in the UK remains very attractive compared to other EU countries. Currently, the largest ground-mounted photovoltaic power station in the UK is located in Leicestershire, with a total installed capacity of 33 megawatts.

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