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In a significant move to drive the development of renewable energy, five leading "national-level" photovoltaic (PV) companies have joined forces, guiding two central enterprises in attracting new energy investments and Guodian PV. Together, they plan to develop a solar power plant with a total installed capacity of 5GW over the next five years. According to their cooperation expectations, the projects are expected to reach 400MW in 2013, 600MW in 2014, and 1GW in 2015.
A key milestone was marked by the official launch of the "Photovoltaic Green Ecology Cooperation Organization" in Beijing, where China Merchants New Energy Group, Guodian Photovoltaic, State Grid Nanrui, Guodian Mengdian New Energy, Poly New Energy, and the 48th Research Institute of China Electronics Technology Group (referred to as "Forty-eight") signed a Six-Party Strategic Cooperation Framework Agreement.
The agreement outlines a collaborative approach based on mutual benefits, complementarity, and comprehensive cooperation, aiming to promote the sustainable growth of the photovoltaic industry. Under this framework, China Merchants New Energy will serve as the investment and operational platform, leveraging its experience in financing and power station management to become a primary investor and operator in solar projects.
Guodian Photovoltaic, known for its strong system integration capabilities and extensive experience in power station development, will take charge of project development, technical training, and the establishment of standards for design, installation, commissioning, and power quality.
Meanwhile, State Grid Nanrui, Guodian Mengdian New Energy, Poly New Energy, and Forty-eight will support grid integration, control management, and maintenance services, while also providing advanced equipment and technologies. This collaboration ensures that each party contributes its strengths to the entire value chain, from construction to operation and maintenance.
In 2013, China Merchants New Energy and Guodian PV also signed a strategic cooperation agreement for photovoltaic projects, under which Guodian PV, as an EPC contractor, guarantees the confirmed power generation output and ensures that the internal rate of return for China Merchants New Energy’s new investments remains above 9%.
Mr. Shi Dingqi, Chairman of the China Renewable Energy Society and a member of the State Council, emphasized that this alliance, combining complementary strengths across the supply chain—from construction to operation—will enhance efficiency and stability in the photovoltaic sector.
With the recent release of the State Council's "Several Opinions on Promoting the Healthy Development of the Photovoltaic Industry," the sector has seen renewed momentum. The establishment of the Photovoltaic Green Ecology Cooperation Organization is seen as a crucial step toward deeper industry integration and resource optimization, laying the groundwork for new market opportunities.
Guodian PV highlighted that the organization will strengthen communication with government agencies, propose policy recommendations, and enhance synergies. Through shared goals and cooperative efforts, members aim to jointly develop, construct, operate, and maintain solar projects, achieving resource integration and mutual benefit.
Each participating company believes that the cooperation will not only boost technological innovation and operational efficiency but also help maintain order within the industry. Looking ahead, the group plans to expand by inviting more PV companies to join voluntarily, further strengthening the ecosystem of the photovoltaic industry.
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