The initiative was launched with U.S. $40 billion of government investment to fund the infrastructure projects. Trade with countries along the new commerce routes amounted to U.S. $236 billion in the first quarter of 2015, according to the statistics released by the Chinese Ministry of Commerce (MOC) on Tuesday. This is a considerable return on investment for the Chinese government.
An important part of the initiative is the construction of several large-scale solar PV energy projects in Pakistan. On April 4th, the first 100MW solar farm in Pakistan was put into operation. The largest of its kind in Pakistan, the solar farm was built by the Chinese company TBEA using modules supplied by JA Solar, also a Chinese company. The project will provide over 500,000 kWh of clean energy to the nearby province of Punjab, a region that has historically suffered from a lack of electrical generating capacity.
Mr. Jian Xie, President of JA Solar, commented, “We are proud to have completed the 100MW shipment of modules to the first major solar farm in Pakistan. Being the module supplier for a flagship project of such significance to the Belt and Road Initiative is a testament to the high global recognition of JA products, and a newly achieved milestone in our global market expansion efforts. We are confident that with the promotion of the Belt and Road Initiative, JA will seize more opportunities by utilizing our high-performance PV modules and adding significant value to our customers by greatly reducing per watt electricity costs.
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.