Sino-Canadian clean energy project agreed for Pingyao

The signing ceremony for the Sino-Canadian clean energy project is held in Pingyao on Sept 21. [Photo/pingyao.gov.cn]

A new Sino-Canadian joint venture in the clean energy industry has been given the go-ahead for Pingyao, according to an agreement signed between Pingyao Wiskon New Energy Co and Canada Grenetek Inc on Sept 21.

The joint venture fills gaps in the county's research and development of photovoltaic, solar thermal and energy storage technologies.

Pingyao Wiskon New Energy Co is a leading global supplier of solar power and thermal technology solutions, focusing on the field of tracker systems. Canada Grenetek Inc is a provider of innovative solutions to meet the energy needs in an efficient and cleaner way.

Following the signing of the partnership agreement, the two sides will combine advanced foreign technologies and China's strong manufacturing sector and build a professional team to contribute to increasing the utilization of solar energy and photothermal power stations.

The 1.5-billion-yuan project ($218.38 million) will be constructed in three phases in Pingyao Industrial Development Area. The first-phase of the project is due to be completed in 2019.