PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Power Conversion Takes a Major Step Forward to Develop Solar Energy in China with a New Partnership Agreement - On Feb. 27, 2013, GE’s Power Conversion business signed an MOU (memorandum of understanding) together with Sinoma International Engineering Co., Ltd (“Sinoma International”) and Yingda International Leasing Co., Ltd (“Yingda”) (NYSE: GE) - GEPowerConversi
GE Power Conversion Takes a Major Step Forward to Develop Solar Energy in China with a New Partnership Agreement

 

NewswireToday - /newswire/ - Paris, Ile de France, France, 2013/06/24 - On Feb. 27, 2013, GE’s Power Conversion business signed an MOU (memorandum of understanding) together with Sinoma International Engineering Co., Ltd (“Sinoma International”) and Yingda International Leasing Co., Ltd (“Yingda”) (NYSE: GE) - GEPowerConversi. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• GE Power Conversion Signs an MOU with Sinoma International Engineering Co., Ltd. and Yingda International Leasing Co., Ltd. to Boost the Development of Clean Energy in China;
• GE Power Conversion Solar Energy Partnership to Close First Contract in China by End 2013.

Under the terms of this MOU, all the three parties will share resources and cooperate closely to develop the solar energy business in China and abroad. The win-win cooperation includes expertise in and the development of technology, financing and government relations management. Key objectives will be to ensure product quality as well as alleviating pressure on cash flow and financial constraints which EPCC’s (engineering, procurement and construction contractors) may face during the execution of large PV (photovoltaic) energy projects.

The Chinese government has announced aggressive targets to reduce carbon emissions and energy use per unit of gross domestic product by at least 3.7 percent in 2013 following similar reductions in previous years and in line with this initiative, China’s solar energy industry has maintained a continued and rapid growth. According to the National Development and Reform Commission, a goal has been set to increase the country’s installed PV capacity to 10 gigawatts (GW) in 2013. This goal is three times higher than that of 2012 and represents 140 percent of the newly installed capacity achieved over the past five years with the expectation that the total investment in solar inverters will reach 4 billion RMB, the equivalent of $645 million.

Bo Liu, president of GE Power Conversion China said,“China is already one of the largest solar energy users as well as a leading producer of PV hardware globally. The opportunity for growth in clean and efficient solar energy is immense as China aggressively pursues a reduction in carbon emissions. This partnership brings together the best of the capabilities needed to deliver powerful, reliable and cost-effective solutions, which we expect will become the trademark for other regions to benefit from.”

GE’s Power Conversion business provides a complete range of central inverters based on a modular and compact approach and are specifically designed for the solar industry. As part of GE’s ongoing development in power electronics technology, the solar inverters build on extensive experience with designing and installing more than 26 GW of converters for the renewable energy industry globally and decades of experience in controls for a wide range of utility applications.

The GE ProSolar Central Solar Inverter is the latest development specifically designed for the solar industry. GE’s ProSolar Converters are particularly attractive to medium- and large-scale PV power plants due to their capability to handle input voltages of more than 1,000 V, enabling solar generation facilities to manage power output and balance plant costs.

The proven and reliable inverters of GE’s Power Conversion business have been successfully used in the PV industry worldwide in recent years including the largest PV stations in the U.S., Canada, Brazil and Chile and many medium and large projects in Australia, Spain and Malaysia.

About Sinoma International Engineering Co., Ltd
Sinoma International Engineering Co., Ltd (Sinoma International) was founded in December 2001, and it is a public company listed in Shanghai Stock Exchange, the highlighted high-tech enterprise granted by China.

Sinoma International is mainly engaged in domestic and overseas large-scale project general contract integration services ranging from engineering consultancy, engineering design, construction and erection, equipment manufacturing, supply, commissioning, operation and maintenance etc. Basing on the succession and integration of the superior resources accumulated in Chinese cement industry over the past 50 years, the company has accomplished in the establishment and is now dedicated to developing and expanding. Sinoma International consolidates its position as the leading enter in the domestic and overseas cement engineering industry, while entering into the international market rapidly and gaining the outstanding achievement. The hundreds of large-scale cement production line executed by Sinoma International are reaching over 30 countries in Europe, Asia, Africa, and America.

About GE Power Conversion
GE’s Power Conversion business (gepowerconversion.com) applies the science and systems of power conversion to help drive the electrification of the world’s energy infrastructure by designing and delivering advanced motor, drive and control technologies that evolve today’s industrial processes for a cleaner, more productive future. Serving specialized sectors such as energy, marine, oil and gas, renewables, and industry, through customized solutions and advanced technologies, GE Power Conversion partners with customers to maximize efficiency.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

Contacts
GE news, Masto Public Relations - E: information[.]mastopr.com.

Carsten Ritter, GE Power Conversion, Communications
P: +49(0) 307 622 3173 - E: carsten.ritter[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Power Conversion Takes a Major Step Forward to Develop Solar Energy in China with a New Partnership Agreement

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center | GE’s Power Conversion
Publisher Contact: Paul Floren - GE Energy 
+33(0)1 53 59 28 44 paul.floren[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem
Voith Awarded A Prestigious Automation Contract for Two Norwegian Hydropower Plants
Joint Wind Farm Pilot Project by ENGIE, EDP Renewables, La Caisse Des Dépôts, Eiffage/Principle Power, GE Selected from Call for Floating Wind Turbine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)