1. business and industrial
2. energy
3. renewable energy
4. solar energy

Renewable Energy
Remarkable Future
Stock Code: 00686.HK
Oct 2014
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts
and may be “Forward Looking Statements”, including those relating to United Photovoltaics Group
Limited’s (“United PV” or the “Company”) general business plans and strategy, its future
financial conditions and growth prospects, and future developments in its industry and its
competitive and regulatory environment. Actual financial results and future development of United
PV may differ materially from these Forward Looking Statements due to a number of factors. The
Forward Looking Statements contained in this presentation speak only as of the date of this
presentation, and hence and it may not reflect the current views of United PV. United PV may
alter, modify or otherwise change in any manner the content of this presentation, without
obligation to notify any person of such revision or changes.
The information contained in this presentation does not constitute an offer, an advertisement in
respect of an offer or a proposal or an invitation to make an offer to sell, or a recommendation to
subscribe for or purchase any securities of the Company. The Company, its directors and officers
make no representations as to its accuracy or completeness of the information. The users are
urged to read the notices, announcements , circulars and reports published by the Company on the
website of The Hong Kong Stock Exchange.
1
Dedicated solar power plants investor and operator
Project
Providers
Grid-connected PV
power plants with
high quality & return
Relatively low
financing cost
Fund
Providers
Resources integration
&
Operation management
State Grid
GD solar
CETC
Poly Solar
Tech
Yingli Solar
GCL
Zhongli
Talesun
CTIEC
China
Development
Bank
Stable and
sustainable
tariff
revenue
China
Financial
Leasing
State Grid & End User
2
Huabei
Expressway
Zhongxing CNPC Kunlun
Leasing
Trust
Effective business model in the value chain
Polysilicon
Ingots
Wafers
Cells
Modules
EPC
Solar Value Chain
Upstream
Downstream
Yingli Solar
GD Solar
Zhongli Talesun
China Power
Investment
United PV
3
Operation of
power plants
State Grid
& End Users
Fast growing China solar power sector
China Solar Power Capacity
China New Capacity as % of Global Total
24.9%
Cumulative Capacity
New Capacity
20.0%
63
(GW)
23.0%
13.4%
8.3%
2.5%
48
2010A
2011A
2012A
2013A
2014E
2015E
33
China Cumulative Capacity as % of Global Total
19
11
0.5 0.7
2010A
2
3
2011A
5
14
15
15
8
1.7%
2012A
2013A
2014E
2015E
2016E
2010A
Source: CICC Research, Macquarie Research
4
3.2%
2011A
5.6%
2012A
8.8%
2013A
12.1%
2014E
14.4%
2015E
Strong policy support to stimulate China solar demand
I
II
July 2013: Increase of 2015 installations target in China
• 35GW of solar capacity by 2015, up from previous target of 21GW
August 2013: Clarity and certainty on FiT regime
• Regional tariffs ranging RMB0.9-1.0 per kWh fixed for 20 years upon installation
• RMB0.42 per kWh subsidy to distributed PV power project
III
August 2013: Debottlenecking of subsidy payments
• Guaranteed funding by doubling renewable energy surcharge to RMB0.015 per kWh
• Streamlined disbursement mechanism; monthly payments
IV
December 2013: National Energy Administration (NEA) notice
• Solar power is prioritized to be transmitted by the State Grid, which will be monitored by National
Energy Administration
• Solar power generation shall not be restricted except situation caused by the force majeure or potential
risk to stability of grid operation
V
VI
January 2014: PV capacity addition targets announced by NEA
• Total 14GW of new capacity in 2014. Distributed PV: 8GW; ground-mounted PV: 6GW
June 2014: NEA reaffirmed support to solar PV and urged solid execution of plans
• NEA called for making specific goals and concerted efforts by different government agencies to facilitate
growth of PV industry and application; reaffirmed 10GW growth target for this year
5
2013 milestones and recent key development
The 10.8MW PV project in
Quanzhou, Fujian was
connected to the grid
Jointly acquired the
23.8MW ecological
agriculture PV power plant
in Xuzhou, Jiangsu with
Huabei Expressway; the
Completed the acquisition
deal completed in Dec 2013
of CSPG, marking the
The
20MW solar power
commencement of M&A
plant in Gonghe, Qinghai
and operation of solar
was connected to the grid
power plants
The 100MW solar power
plant in Jiayuguan, Gansu
was connected to the grid
2Q13
Completion of issuance of
Completed acquisition of
US$120 million CB
50MW project in
Completed the placing of
Chahaeryouqianqi, Inner
55m new shares
Mongolia
Signed a sale and purchase
Completed acquisition of
agreement for joint
40MW project in
acquisition of the 180MW
Wulatehouqi, Inner Mongolia
solar power plants in
Gonghe, Qinghai with
EBODHK
Entered into a sale and
purchase agreement with
members of PGO regarding
195MW Inner Mongolia solar
power plants
3Q13
4Q13
6
Completed acquisition of 40MW project in
Tuoketuo County, Inner Mongolia
Proposed to sell solar cell plant in
Quanzhou, Fujian
Completed acquisition of the remaining
55% stake of the 180MW PV plant in
Qinghai
China Merchants New Energy Group
increased holding to 19%
Signed an equity transfer agreement to
acquire a 20MW solar power plant owned
by TBEA in Qinghai
Announced the plan to jointly acquire a
40MW solar power plant in Kezuohouqi,
Inner Mongolia with Huabei Expressway
1Q14
2Q&3Q
14
Shareholders comprise leading players across the
value chain and top institutional investors
United PV’s shareholder structure
And parties acting in
connect with it
19.19%
Zhongli Talesun
(SZ:002309)
2.75%
6.07%
and others
71.99%
Convertible Bonds Holders
(00686.HK)

Invesco, a global leading independent investment management company

Value Partners, one of the largest Asia based funds

Fosun, China's largest privately-owned conglomerate

China Orient Asset, wholly-owned subsidiary of MOF

York Capital, a leading US-based hedge fund

Yinhua Fund, one of China's leading QDII funds
Note: 1. Shareholder structure as of 30 September 2014. Number of outstanding shares: 4,361,266,325 shares
2. All the information in relation to funds, brokers and investment companies are from online news
7
Prudent business model and sound risk management
system

Projects acquired by United PV must fulfill the following criteria:
− Plants connected to the grid
− IRR of 9%
− Valid power purchase agreement in place
− Power generation guarantee by seller
Power generation
to increase by
3~8%
Module
Detecting

An intelligent management system is being
developed to run PV power plants

The system will have the following features:
− Real time plant monitoring
Maintenancefree no-fan design
− Real time generation monitoring
− Remote settings adjustment to maximize
power
Inverter
Monitoring
− Cell modules & equipment abnormality
alarm
− External abnormality alarm
Sub-unit level
intelligent management
Source: Huawei Technologies
8
Among top 10 operators by installed capacity
15 grid-connected plants with total installed capacity of 572MW upon completion of acquisition.
Ite
m
1
2
3
Grid-connected plants
Capacity
(MW)
Equity
interest
2.1
100%
Jun 2013
10 June 2013
0.3
100%
Apr 2014
Independently developed
Demo project in Qianhai, Shenzhen
User side grid-connected demo project in
Quanzhou, Fujian
4 2 PV ecological agriculture projects in
Xuzhou, Jiangsu (jointly acquired with
5 Huabei Expressway)
6 100MW project in Jiayuguan, Gansu
20MW project in
7
Gonghe County, Qinghai
8 100MW project in Gonghe County, Qinghai
50MW project in Gonghe County,
9
Qinghai
30MW project in Gonghe County,
10
Qinghai
50MW project in Chahaeryouqianqi, Inner
11
Mongolia
12 65MW in Tumotezuoqi, Inner Mongolia ※
13 40MW in Tuoketuo , Inner Mongolia
14 40MW in Wulatehouqi, Inner Mongolia
15 40MW in Kezuohouqi, Inner Mongolia ※
Total
Gridconnection
date
Oct 2012
Deal completion date
Consolidation date
Apr 2014
FiT
RMB/KWh
0.7579
0.715
10.8
100%
Jun 2013
Independently developed
Jun 2013
20
50%
Dec 2013
27 Dec 2013
Dec 2011
self-consumed;
0.4304 for
surplus
2.41
3.8
50%
Dec 2013
27 Dec 2013
Dec 2011
2.41
100
100%
Jun 2013
10 June 2013
Jun 2013
1.00
20
100%
Jun 2013
10 June 2013
Sep 2013
1.00
100
100%
Jun 2014
Dec 2013
1.00
50
100%
Jun 2014
Dec2013
1.00
30
100%
Jun 2014
Dec 2013
1.00
50
86.79%
Apr 2014
27 Mar 2014
Dec 2013
1.00
65
40
40
40
572
55%
89.7839%
90.33%
9.88%
2H14E
Apr 2014
Apr 2014
2H14E
Acquisition yet to complete
4 Apr 2014
28 Mar 2014
Acquisition yet to complete
Dec 2013
Dec 2013
Dec 2013
Dec 2013
1.00
1.00
1.00
1.00
United PV’s holdings have increased
to 100% from 45% as of Jun 13 2014
Note: As of 30 Sep, 2014 ※ Acquisition in process
(MW)
Top 10 solar PV plant operators by cumulative capacity in 2013
2,500
1,230
CPI
CECEP
1000
Chint
700
700
600
600
572
530
500
Huadian
Guodian
Huaneng
Three
United PV
CGNP
Datang
Gorges
Source: NEA
9
Bullish quarterly operating data points to improved
operation
United PV became the first solar PV power plant operator to publish quarterly power generation data since
1Q14. 3Q power generation upped by 32% QoQ.
Item
1
2
Grid-connected solar power
plants
Demo project in Qianhai, Shenzhen
5
User side grid-connected demo
project in Quanzhou, Fujian
2 PV ecological agriculture projects
in Xuzhou, Jiangsu (jointly acquired
with Huabei Expressway)
6
100MW project in Jiayuguan, Gansu
3
4
7
8
9
10
11
12
13
14
15
20MW project in Gonghe County,
Qinghai
100MW project in Gonghe County,
Qinghai
50MW project in Gonghe County,
Qinghai
30MW project in Gonghe County,
Qinghai
50MW project in Chahaeryouqianqi,
Inner Mongolia
65MW project in Tumotezuoqi, Inner
Mongolia ※
40MW project in Tuoketuo County,
Inner Mongolia
40MW project in Wulatehouqi, Inner
Mongolia
40MW project in Kezuohouqi, Inner
Mongolia ※
Total
Note: As of Sep 30 2014
※ Acquisition in process
Power
Generation
Capacity
in 1-3Q14
(MW)
(MWh）
2.1
1,951
0.3
193
10.8
8,546
20
3.8
2014 Quarterly Power Generation
+26%
(MWh)
2014 Q1
2014 Q2
+106%
2014 Q3
74,084
63,098
56,597
22,944
100
82,504
20
21,547
100
50,038
50
25,415
30
21,470
50
63,444
65
14,007
40
51,788
40
52,902
40
17,188
572
433,937
79,634
35,934
34,086
-23%
26,361
22,057
-15%
+27%
546 704
895
Shenzhen
+29%
2,679 2,564
8,987
6,319
8,453
7,639
3,302
Fujian
Jiangsu
Gansu
Qinghai
Inner
Mongolia
10
Smart business model with visibly financial model
A Mock Calculation of 100MW Ground-Mounted Solar Farm
(The figures are for reference only and do not represent the company's actual financial figures)
Project Return (RMB mn)
Assumptions
Capacity (MW)
100
Year 1
Revenue
150
Utilization hours (Western China region)
1,500
O&M
(20)
Degradation (%)
0.8%
Depreciation
(40)
Total investment (RMB mn)
1,000
Interest
(46)
0.2
Profit before tax
45
Feed-in tariff (RMB per kWh)
1
PBT margin (%)
30%
Depreciable years
25
O&M (RMB mn per MW per annum)
Debt as % acquisition cost
70.0%
Project unlevered IRR
Interest rate
6.55%
Levered IRR
11
9%
20%
Solar power plant installed capacity target in 5 years
Target Cumulative Capacity in 5 Years
In operation
(MW)
Intends to acquire
5.5GW
1,000
Xinjiang
1,000
Inner
Mongolia
（235MW*）
Gansu
(100MW)
Qinghai
(200MW)
1,000
Hebei
Shandong
Jiangsu
(23.8MW)
1,000
Shenzhen
(20MW*)
Hong Kong
(HQ)
1,000
532
2013A
2014E
2015E
2016E
2017E
2018E
Fujian
(10.8MW)
Note: 1. 2.4MW of the 20 MW Shenzhen projects is grid connected
2. The acquisition of 130MW of the 195MW Inner Mongolia projects is completed and
connected to grid
12
Sufficient projects in pipeline for next five years

In the next 5 years, led by CMNEG, United PV and GD Solar, all PGO members will work closely
with each other to develop and build solar power plants with total installed capacity of 5GW.

Entered into framework agreements with a number of state-owned enterprises and large
corporations to acquire solar power plants projects.
Partners
Region
Installed
Capacity
Plant Type
Contracting party
Schedule
CMG & Affiliated
Companies
China
200MW
Roof-top
United PV
2014 – 2016
PGO
China
5GW
Groundmounted/Rooftop
CMNEG
2013 - 2018
Zhongli Talesun
Qinghai, Gansu, 2GW
Xinjiang,
Jiangsu
Groundmounted
United PV
2012 – 2017
Yingli
China
300MW
Groundmounted
CMNEG
2013 – 2015
CTIEC & Huawei
China, Europe, 500MW
North America
and Japan
Groundmounted
United PV
2014-
GD Solar
China
Groundmounted
United PV
2014-
400MW
Total 8.4 GW
13
Strong support from China Merchants Group

China Merchants Group is a Chinese SOE
primarily engaged in infrastructure, financial
management and real estate
− With total assets of c.RMB453.35 billion*

Lending solid support for CMNEG/United PV in
solar power business:
− China Merchants Yinke will provide
conditional financing to United PV to help
fulfill its near term capital commitments
− China Merchants Logistics granted 25-year
exclusive rights for developing over 1.2
million square meters of rooftop PV power
stations
− China Merchants Group operates nearly
7,000 km of highways along which 18GW
capacity could potentially be installed
Note: As of 31 December, 2013
14
China Merchants Yinke issued a letter
of conditional financial support for
United PV
Joint Venture with Huabei Expressway

China Merchants Yinke will provide
financial
support
for
corporate
development and operation, subject to
fulfillment of certain conditions.

Nov 2013
Sept-Dec 2013
Mar 2013
Strong financing capabilities for project acquisition and
operation
Value Partners and Yinhua
Fund became shareholders
United PV and Huabei Expressway have
jointly acquired a 23.8MW solar power
plant at RMB450 million.

Completion of placement of 55
million new shares to Value
Partners and Yinhua Fund.
CNPC Kunlun
Trust
USD120 million privately
convertible bonds
Will jointly invest and acquire 500MW
solar power plants by the end of year
2015. United PV and CNPC Kunlun Trust
will own 60% and 40% equity interest in
these projects, respectively.

Entered into strategic cooperation
agreement with Shenzhen Branch of
China Development Bank
placed
Subscribers China Orient Asset, Fosun
as well as York Capital Management.

Feb 2014
Nov 2013

Oct& Nov 2013
Teamed up with CNPC Kunlun Trust to
invest in solar power plant
15
To enhance forward planning for the
Group’s financing needs for developing
its solar power plants business, United
PV will work closely with China
Development Bank over the next 5
years.
Innovative financing channels to reduce cost
We will continue to expand and optimize financing channels, build the bridge between industry
chain and financial institutions, support the development of solar power plants with innovative
financial products, therefore reducing financing cost.
Internet Financing
Financial Leasing
Insurance
Varieties of internet financing
methods, such as crowd
funding
Cooperated
with
major
finance leasing companies to
jointly develop projects
Insurance funds in the
pursuit of long-term steady
return favor PV power
plants-based fixed income
products
Launched the world's first
crowd-funded distributed MWrated solar power plant in
Qianhai, Shenzhen
Will provide financing for
ground-mounted solar power
plants at pre-development
stage
Explored new models
assets securitization
Developed mobile application
to make it more convenient
for investors to understand
solar power plants operation,
and
participate
in
environmental
protection
projects
Will introduce finance leasing
companies to achieve assetlight model
16
of
Development Strategy
Industry
 Strategic alliance with PGO key members including State Grid, GD Solar and CETC as well as industry
leaders such as Yingli Solar and Talesun to rapidly and prudently expand through acquiring on-grid PV
power plants by leveraging China Merchants Group’ strong background
 Cooperate with leading R&D institutional organization (i.e. China Irrigation Planning and Design
Technology
Financing
Institute and CETC 48 Institute) to apply the cutting edge technology
 Work with Huawei Technologies to develop an intelligent PV Power Station Management System to
further improve the efficiency of solar farm
 Strong fund raising platform
 Leverage overseas capital
 Innovative financial products for Chinese households in order to build a green world together
Building China’s most specialized PV power plants operating platform
with best economies of scale
Supportive
industry policy
Strong financing
capabilities
Pioneer of
Photovoltaic
Green Ecosystem
Sound corporate
governance and risk
management
Robust project
pipeline
Prudent M&A
model
Strategic alliance
Firm support
from CMG
17
Thank you!
Investor Relations
United Photovoltaics Group Limited
[email protected]
Tel:+852 3112 8461
18
Appendix：Operating PV power plant profile
2.1MW Rooftop Project in Qianhai, Shenzhen, China
Project Description
Location
GPS Coordinates
Solar Radiation
Capacity
Qianhai, Shenzhen, China
N22°30′ E113°52′
5,225 MJ per sqm per annum
2.1 MWp
Plant Type
Roof-top project
Solar Panel
Polycrystalline solar modules
Tilt
19°
Module Provider
Zhongli Talesun
EPC Contractor
Annual Utilization Hours (20
years’ average)
2.1MW Annual Power
Generation
GCL Solar
c. 1,034 hours
c. 2,171,840 kWh
Annual Standard Coal
Equivalent Savings
c. 717 tons
Annual CO2 Emission
Reduction
c. 1,542 tons
Area
30,984 sqm
Power Purchaser
China Merchants Bonded Logistics Ltd.
FiT
RMB 0.7579 per kWh
100%
Company’s Equity Interest
Schedule
2.1 MW already connected
19 to grid in Oct 2012
Appendix：Operating PV power plant profile
0.3MW Rooftop Project in Qianhai, Shenzhen, China
Project Description
Location
Qianhai, Shenzhen, China
GPS Coordinates
N22°30′ E113°52′
Solar Radiation
5,225 MJ per sqm per annum
Capacity
0.3 MWp
Plant Type
Roof-top project
Solar Panel
Polycrystalline solar modules
Tilt
19°
Module Provider
Linsun Power
EPC Contractor
Annual Utilization Hours (20
years’ average)
United PV
c. 1,034 hours
0.3MW Annual Power Generation c. 310,263 kWh
Area
Annual Standard Coal
Equivalent Savings
Annual CO2 Emission Reduction
2,079 sqm
Power Purchaser
China Ocean Shipping Agency Shenzhen
FiT
Company’s Equity Interest
RMB 0.715 per kWh
100%
Schedule
Connected to grid in March 2014
20
c. 102 tons
c. 220 tons
Appendix：Operating PV power plant profile
100MW Project in Jiayuguan, Gansu Province, China
Project Description
Location
Jiayuguan, Gansu Province, China
GPS Coordinates
Altitude
N39°28’ E98°10’
c. 1,800 m
Solar Radiation
6,078 MJ per sqm per annum
Capacity
100 MWp
Plant Type
Ground-mounted project
Solar Panel
Polycrystalline & monocrystalline solar modules
Tilt
35°
Module Provider
Zhongli Talesun
EPC Contractor
Zhongli Talesun
Annual Utilization Hours(20 years’
c. 1,546 hours
average)
Annual Power Generation
c. 154,631,150 kWh
(20 years’ average)
Annual Standard Coal
Equivalent Savings
c. 51,208 tons
Annual CO2 Emission Reduction
c. 109,788 tons
Area
Power Purchaser
FiT
Company’s Equity Interest
Schedule
2,600,000 sqm
State Grid, Gansu electric power corporation
RMB 1.00 per kWh
100%
Already connected to grid in June 2013
21
Appendix：Operating PV power plant profile
20MW Project in Gonghe County, Qinghai Province, China
Project Description
Location
Tala Shoal grassland PV power plant park,
Gonghe County, Qinghai Province, China
N36°12′ E100°34′
c. 2,862 m
6,549 MJ per sqm per annum
20 MWp
Ground-mounted project
Polycrystalline solar module
35°
Zhongli Talesun
Zhongli Talesun
GPS Coordinates
Altitude
Solar Radiation
Capacity
Plant Type
Solar Panel
Tilt
Module Provider
EPC Contractor
Annual Utilization Hours(20 years’
c. 1,546 hours
average)
Annual Power Generation
c. 30,926,230 kWh
(20 years’ average)
Annual Standard Coal
c. 10,205 tons
Equivalent Savings
Annual CO2 Emission Reduction
c. 21,957 tons
Area
Power Purchaser
FiT
Company’s Equity Interest
Schedule
480,000 sqm
State Grid, Qinghai electric power corporation
RMB 1.00 per kWh
100%
Already connected to grid in September 2013
22
Appendix：Operating PV power plant profile
10.8MW Project in Quanzhou, Fujian Province, China
Project Description
GPS Coordinates
Solar Radiation
Capacity
Plant Type
Solar Panel
Tilt
Module Provider
EPC Contractor
Goldpoly Industrial Park, Jinjiang City, Quanzhou,
Fujian Province, China
N24°36’ E118°24’
5,282 MJ per sqm per annum
10.8 MWp
Roof-top / Ground-mounted project
Monocrystalline solar modules
Horizontally laid on roof-top (3° tilt angle)
Shanghai Solar Energy
Goldpoly
Annual Utilization Hours
c. 1,015 hours
Annual Power Generation
c. 10,958,255 kWh
Annual Standard Coal
Equivalent Savings
c. 3,616 tons
Annual CO2 Emission Reduction
c. 7,781 tons
Area
93,882 sqm
Power Purchaser
User on-grid project
FiT
Subsidies from “Golden Sun” program
Company’s Equity Interest
100%
Schedule
Already connected to grid in June 2013
Location
23
Appendix：Operating PV power plant profile
23.8MW Project in Xuzhou, Jiangsu Province, China
Project Description
Location
GPS Coordinates
Solar Radiation
Capacity
Plant Type
PV Module
Liangzhai Town, Feng County, Xuzhou City,
Jiangsu Province
N34°15’ E117°11’
4,772 MJ per sqm per annum
23.8 MWp
Roof-top project
Crystalline silicon and amorphous silicon thin film
solar modules
23°
Zhongli Talesun
Zhongli Talesun
Tilt
Module Provider
EPC Contractor
Annual Utilization Hours(20 years’
c. 1,019 hours
average)
Annual Power Generation
c. 24,246,164 kWh
(20 years’ average)
Annual Standard Coal
Equivalent Savings
c. 8,001 tons
Annual CO2 Emission Reduction
c. 17,215 tons
Area
Agricultural Greenhouses
FiT
Company’s Equity Interest
Schedule
c. 600,000 sqm
5,822 units
RMB 2.4 per kWh
50%
Already connected to grid
24 in Dec 2011
Appendix：Operating PV power plant profile
40MW project in Wulatehouqi, Inner Mongolia
Project Description
Location
GPS Coordinates
Altitude
Solar Radiation
Capacity
Plant Type
PV Module
Wulatehouqi, Inner Mongolia
N40°54’ E106°40’
1,059~1,094m
5,925.6 MJ per sqm per annum
40.204 MWp
Ground-mounted project
Polycrystalline solar modules
Tilt
39°
Module Provider
GD Solar, Hareon Solar, ZNShine Solar
EPC Contractor
GD Solar
Annual Utilization Hours(20 years’
c. 1,493 hours
average)
Annual Power Generation
c. 59,733,103 kWh
(20 years’ average)
Annual Standard Coal
Equivalent Savings
c. 19,715 tons
Annual CO2 Emission Reduction
c. 42,417 tons
Area
c. 1.2sq kilometers
FiT
RMB 1per kWh
Company’s Equity Interest
90.33%
Schedule
Already connected to grid in Dec 2013
25
Appendix：Operating PV power plant profile
50MW project in Chahaeryouqianqi, Inner Mongolia
Project Description
Location
Wulanchabu City, Inner Mongolia
GPS Coordinates
N40°48’ E113°03’
Altitude
1,471~1,513m
Solar Radiation
5,742 MJ per sqm per annum
Capacity
Plant Type
50.16 MWp
Ground-mounted project
PV Module
Polycrystalline solar modules
Tilt
Module Provider
EPC Contractor
Annual Utilization Hours(20 years’
average)
Annual Power Generation(20 years’
average)
38°
GD Solar
GD Solar
c. 1,490 hours
c. 74,486,735 kWh
Annual Standard Coal
Equivalent Savings
c. 24,580 tons
Annual CO2 Emission Reduction
c. 52,886 tons
Area
c. 1.65 sq kilometers
FiT
RMB 1per kWh
Company’s Equity Interest
86.79%
Schedule
Already connected to grid in Dec 2013
26
Appendix：Operating PV power plant profile
40MW project in Tuoketuo County, Inner Mongolia
Project Description
Location
GPS Coordinates
Altitude
Tuoketuo County, Inner Mongolia
N40°28′ E111°28
1,011.54~1,013.89m
Solar Radiation
5,902.71 MJ per sqm per annum
Capacity
40.308 MWp
Plant Type
Ground-mounted project
PV Module
Polycrystalline solar modules
Tilt
41°
Module Provider
Forty-eighth Research Institute
EPC Contractor
GD Solar
Annual Utilization Hours(20 years’
c. 1,463 hours
average)
Annual Power Generation
(20
c. 58,530,619 kWh
years’ average)
Annual Standard Coal
Equivalent Savings
c. 19,315 tons
Annual CO2 Emission Reduction
c. 41,557 tons
Area
c. 1.19 sq kilometers
FiT
RMB 1per kWh
Company’s Equity Interest
89.78%
Schedule
Already connected to grid in Dec 2013
27
Appendix：Operating PV power plant profile
100MW project in Gonghe County, Qinghai Province
Project Description
Location
Altitude
GPS Coordinates
Tala Shoal grassland PV power plant park,
Gonghe County, Qinghai Province
2,900m
N36°10′43″ E100°34′46″
Solar Radiation
6,549.5 MJ per sqm per annum
Capacity
Plant Type
100.9052 MWp
Ground-mounted project
PV Module
Polycrystalline solar modules
Tilt
37°
Module Provider
Zhongli Talesun, Years Solar
EPC Contractor
Annual Utilization Hours(20 years’
average)
Annual Power Generation
(20 years’ average)
Annual Standard Coal
Equivalent Savings
Annual CO2 Emission Reduction
Zhongli Talesun
Area
c. 2.35 sq kilometers
FiT
RMB 1 per kWh
Company’s Equity Interest
100%
Schedule
Already connected to grid in Dec 2013
c. 1,546 hours
c. 154,631,150 kWh
c. 51,028 tons
c. 1,109,788 tons
28
Appendix：Operating PV power plant profile
50MW project in Gonghe County, Qinghai Province
Project Description
Altitude
GPS Coordinates
Solar Radiation
Tala Shoal grassland PV power plant park,
Gonghe County, Qinghai Province
2,900m
N36°11′52″ E100°34′43″
6,549.5 MJ per sqm per annum
Capacity
50.25636 MWp
Plant Type
Ground-mounted project
PV Module
Polycrystalline solar modules
Tilt
37°
Module Provider
Zhongli Talesun, CLP
Location
EPC Contractor
Zhongli Talesun
Annual Utilization Hours(20 years’ c. 1,546 hours
average)
Annual Power Generation
c. 77,315,575 kWh
(20 years average)
Annual Standard Coal
c. 25,514 tons
Equivalent Savings
Annual CO2 Emission Reduction
c. 54,894 tons
Area
c. 1.2 sq kilometers
FiT
RMB 1 per kWh
Company’s Interest of Equity
Schedule
100%
Already connected to grid in Dec 2013
29
Appendix：Operating PV power plant profile
30MW project in Gonghe County, Qinghai Province
Project Description
Location
Altitude
GPS Coordinates
Tala Shoal grassland PV power plant park,
Gonghe County, Qinghai Province
2,900m
N36°10′58″ E100°35′23″
Solar Radiation
6,549.5 MJ per sqm per annum
Capacity
30 MWp
Plant Type
Ground-mounted project
PV Module
Polycrystalline solar modules
Tilt
37°
Module Provider
Zhongli Talesun, CLP
EPC Contractor
Annual Utilization Hours(20 years’
average)
Annual Power Generation
(20 years average)
Annual Standard Coal
Equivalent Savings
Annual CO2 Emission Reduction
Zhongli Talesun
Area
c. 0.67 sq kilometers
FiT
RMB 1 per kWh
Company’s Equity Interest
100%
Schedule
Already connected to grid in Dec 2013
c. 1,546 hours
c. 46,389,345 kWh
c. 15,308 tons
c. 32,936 tons
30
Appendix：Operating PV power plant profile
65MW project in Tumotezuoqi, Inner Mongolia
Project Description
Location
GPS Coordinates
Altitude
Tumotezuoqi, Inner Mongolia
N40°42′ E111°24
Solar Radiation
5,926 MJ per sqm per annum
Capacity
65 MWp
Plant Type
Ground-mounted + Roof top
PV Module
Polycrystalline solar modules
Tilt
38°
Module Provider
Forty-eighth Research Institute
1,020.57~1,031.41m
EPC Contractor
GD Solar
Annual Utilization Hours (20 years’
c. 1,468 hours
average)
Annual Power Generation (20
c. 95,431,524 kWh
years’ average)
Annual Standard Coal
Equivalent Savings
c. 31,492 tons
Annual CO2 Emission Reduction
c. 67,756 tons
Area
c. 7 sq kilometers
FiT
RMB 1per kWh
Company’s Equity Interest
55%
Schedule
Already connected to grid in Dec 2013
31
Appendix：Operating PV power plant profile
40MW project in Kezuohouqi, Inner Mongolia
Project Description
Location
GPS Coordinates
Altitude
Solar Radiation
Capacity
Plant Type
PV Module
Ke’erqinzuoyihouqi, Inner Mongolia
Tilt
41°
Module Provider
GD Solar
EPC Contractor
GD Solar
N43°17’ E122°11’
141~145m
5,462.62 MJ per sqm per annum
40MWp
Ground-mounted project
Polycrystalline solar modules
Annual Utilization Hours(20 years’
c. 1,455 hours
average)
Annual Power Generation
c. 58,214,080 kWh
(20 years’ average)
Annual Standard Coal
Equivalent Savings
c. 19,211 tons
Annual CO2 Emission Reduction
c. 49,948 tons
Area
c. 1.2sq kilometers
FiT
RMB 1per kWh
Company’s Equity Interest
9.88%
Schedule
Already connected to grid in Dec 2013
32