JIC Lease has generously provided UnitedPV with RMB 467 million under a financial lease to fund the implementation of a high-tech PV demo project in the coal mining subsidence area in Datong Shanxi.

According to National Energy Administration, this is the first project to go under the PV Frontrunner Initiative, boasting an installed capacity of 3 million KW. Once completed, the project will be the forerunner in China’s PV industry, showcasing the country’s sophisticated methods for photovoltaic power generation.

By building a PV demonstration plan in the area that suffered from coal mining activities, major issues related to the livelihood and well-being of the local residents will be resolved, including using land resources, ecological restoration, relocation of rural residents, and adjustments in energy structure.

PV is quickly growing into a new form of energy, which is one of the reasons why it has become JIC Lease’s key strategic activity. In fact, it has started working towards being a leader in this industry, joining the Photovoltaic Green-Ecosystem Organization (PGO) in 2015. As one of the veterans of the PV sector, JIC Lease is constantly creating pragmatic partnerships with the leaders of this industry. It’s already maintaining partnerships with the likes of GCL-Poly Energy Holdings Limited and Zhongli Sci-Tech Group.