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Publish Date : 27-Jun-2013

A Memorandum of Understanding is inked between General Electric's Company Power Conversion and Yingda International Leasing Co., Ltd. ("Yingda") and Sinoma International Engineering Co., Ltd. ("Sinoma International").

Resources will be shared by all 3 companies signing MOU and cooperate nicely so as to develop solar energy business in the country, China and abroad. This cooperation involves the development of government relations, financing and technology management.

The quality of the product will be ensured by this MoU, along with reduction of pressure on financial constraints and cash flow which the (engineering, procurement and construction contractors) EPCCs may face during executing the large photovoltaic energy projects.

Reduction in the energy use per unit of gross domestic product is the aim of Chinese government and the carbon emissions by at least 3.7 percent in 2013. The solar energy industry of china has maintained a rapid and a continuous growth. A complete range of inverters are provided by GE's Power Conversion business.

ProSolar Central Solar Inverter of General Electric is the latest development which is designed for the solar industry. Medium and large scale PV power plants are attracted by ProSolar Convertors of General Electric because of their capacity to handle input voltages of 1000 V.

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