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Prime Road targets the Chinese solar energy market

2024-07-31

According to a report on June 21st, China is becoming a new investment destination for SET listed company Prime Road Power, a solar farm operator and solar panel installation service provider. The company plans to develop a new solar power project in China to drive its growth. The Chairman and CEO of Prime Road Power stated, "Over the past few years, China has been welcoming foreign direct investment and providing tax incentives to attract investors." Last year, the company established Prudential Power (Shandong) Co., Ltd. to seize investment opportunities and aim to develop renewable energy projects in Shandong Province, a coastal province in eastern China. The company is preparing to sign an energy management contract with the factory operator to develop a pilot rooftop solar power project. The new 8-megawatt power generation facility is planned to be put into operation early next year. Song Basong stated that if the project is successful, Prime Road Power will seek opportunities to develop a second phase rooftop solar power project with a capacity of 50MW.

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