CBD Energy Limited (ASX:CBD) Storage Technology Chosen For 100MW Solar Thermal Project In China
CBD Energy Limited (ASX:CBD) is pleased to announce that it has signed a Binding Heads of Agreement with Baoding Tianwei Group Co. Ltd. Tianwei will utilise CBD's energy storage technology in a 100MW solar thermal plant to be constructed by Tianwei at Liang Shan, China. This project will be fully funded by Tianwei and is expected to cost approximately US$500,000,000. Upon the successful completion of this first project, Tianwei and CBD will work together on other like projects in the PRC (Peoples Republic of China).