China’s Sunpower to design biomass power plant in Bulgaria
A subsidiary of China’s environmental protection solutions company Sunpower Group will design a biomass power generation facility in Bulgaria, according to a press release from the Chinese company.
The subsidiary, Shandong Yangguang Engineering Design Institute Co., Ltd., will design a facility with a power generation capacity of 16MW, using waste from the pulp production process as the main fuel for the boiler to generate steam for the new pulp production line of the customer.
The 65t/h boiler will utilize the Circulating Fluidized Bed (CFB) method of coal combustion to achieve lower air pollutant emissions, according to the press release. Design work will begin in August 2018.
Riding on China’s Belt and Road Initiative, this is Yangguang Institute’s 55th overseas project in the 10th country outside China, according to the press release.
Established in 1988, Yangguang Institute provides design, consultancy, and technology services for the thermal power, architecture, municipal engineering, and other industries, bringing significant synergies to Sunpower’s expansion into the green investment (GI) business. To date, Sunpower has five GI projects in operation and five in the design or construction phase, the company said.
“We are pleased that Yangguang Institute has also played a part in bringing clean energy to overseas countries by lending its design expertise to public infrastructure projects in Indonesia, Thailand, Pakistan and other countries along the Belt and Road Initiative. In addition, it has brought significant synergies to Sunpower’s expansion into the GI business,” said Sunpower Executive Chairman Guo Hong Xin.
“The Group has set its sights on developing its GI business for long-term recurring income and high quality cashflows, given its de facto monopolistic business model and huge market potential driven by China’s accelerating green movement. We will continue to capitalize on our technological expertise and management capability to grow our GI portfolio, which is the Group’s value creator and growth driver,” Guo added.