CTG's Ruiyuan Financial Leasing invests RMB 50 million in its first PV project

Ruiyuan Financial Leasing (Tianjin), a subsidiary of Three Gorges Capital Holdings, announced that it has invested RMB 50 million in a photovoltaic power (PV) project in Chongqing on May 17, the first PV power project the company has invested so far. The 195 MW PV project was located in Sanxi and Liangping villages, Wushan County of Chongqing.

As the first PV project operated by Ruiyuan, the project is expected to have an annual grid-connected capacity of 170 million kWh after completion, saving 55,330 tons of standard coal per year as well as reducing emissions of carbon dioxide by 143,850 tons and sulfur dioxide by 1,320 tons.

The project is expected to create 200 jobs, which helps combat poverty and contributes to the economic growth in the Three Gorges reservoir area through the development of photovoltaic power project and eco-tourism industry.