---
Sent From Bloomberg Mobile MSG
+------------------------------------------------------------------------------+
China Singyes Starts Operating Smart Grid Project in Guangdong
2010-12-29 04:09:06.562 GMT
By Bloomberg News
Dec. 29 (Bloomberg) -- China Singyes Solar Technologies
Holdings Ltd. has started operating a smart grid project in
Zhuhai, Guangdong province.
The Dong'ao Island project will store energy and help to
regulate power generated from wind, solar and diesel fuel, the
company said in a filing to the Hong Kong Stock Exchange
yesterday. Singyes didn't say how much it invested in the
project.
The grid can be connected to the national electricity
network during periods of normal demand and separated to supply
only the island when there is a shortage.
Singyes, whose shares have gained about 38 percent this
quarter, said the project will increase the use of renewable
energy on the island to 70 percent from 30 percent.
The smart grid system can also be used to supply power to
larger electricity networks in urban areas, Singyes said.
For Related News and Information:
Most-read alternative energy stories: MNI ALTNRG <GO>
For top news on renewable energy TOP ENV <GO>
New Energy Finance news and analysis: BNEF <GO>
--Editors: Baldave Singh, John Viljoen.
To contact Bloomberg News staff for this story:
Feifei Shen in Beijing at +86-10-6649-7527 or
Fshen11@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net.
