Who is state power Investment Corp?

State Power Investment Corp, the world's largest investor in solar power generating plants, has been stepping up efforts in clean energy transformation and is now taking a lead in the sector.

What has changed at State Power Investment Corp?

"State Power Investment Corp has undergone earthshaking changes through transformation from a thermal-intensive to a green power-dominated energy company, and from a traditional power generation enterprise to a forerunner of clean energy," said Qian Zhimin, chairman of the company.

When will Xingchuan demonstration photovoltaic power station be completed?

It plans to complete the solar park by September 2023. SPIC said it completed the pilot solar power plant near the town of Zhengdou, in China's Sichuan province. The Xingchuan Demonstration Photovoltaic Power Station is the first unit of a 600 MW project that SPIC is building in the area at a planned cost of CNY 3.2 billion ($444.2 million).

What happened to China Power Investment Corp and state nuclear power Technology Corp?

In July 2015, China Power Investment Corp and State Nuclear Power Technology Corp, the country's two major electricity industry players, merged into State Power Investment Corp.

When will solar projects start?

Construction work is expected to begin by January 2025 and operations should start the following year. New solar parks were inaugurated this week in Piaui and Ceara states, totaling 738 megawatts-peak (MWp) of power.

Will SPIC become Brazil's largest energy generator?

The company is diversifying its portfolio and aiming to become one of Brazil's three largest energy generators, Adriana Waltrick, CEO of SPIC's Brazilian unit, told Reuters. SPIC's new wind farms, to be built in Rio Grande do Norte state, will have a combined installed capacity of 105.4 megawatts (MW) to be sold on the free energy market.