PVTIME – On 12 December 2023, Datang Huayin Electric Power Co.,Ltd. (Datang Huayin, 600744.SH), a China-based company mainly engaged in the manufacturing and sales of thermal and electric power, announced that it intends to invest in the construction of a distributed photovoltaic power generation system with an installed capacity of 5.988MW at its Leiyang Branch factory, with an estimated total investment of 36.18 million yuan.
The project is expected to operate for 25 years, with an average annual power generation capacity of 7,112,300kWh. Then, the project full investment internal rate of return (before income tax) is 6.46%, the project capital financial internal rate of return is 8.4%, according to the feed-in tariff of 0.45 yuan/kWh, and the total investment of 36.18 million yuan.
This particular PV project is part of Datang Huayin’s plan to shift from traditional energy to renewable energy, and the new energy transformation will be further accelerated.
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