International Energy

Spain is blessed with abundant solar resources. According to its national plan for energy development, Spain will increase its installed solar power capacity by 3 GW every year by 2030, posing huge potential in the new energy market. On September 8, 2022, CMC Europe and Hefesto Solar SL, a subsidiary of MET Group, signed an EPC agreement on building the PR3 50MW photovoltaic power station in Spain. The project is the first EPC project Genertec has inked in Spain, marking a new breakthrough the company has made in expanding its presence in the Spanish market.

Italy is rich in solar power resources, and its electricity market is highly open. According to its National Energy Strategy, Italy plans to increase its installed PV capacity by adding 2.5 GW annually by 2030. This means a broad market prospect.On October 13, 2022, CMC Europe (Italy) and Ikarus S.r.l., a subsidiary of GÉNÉRALE DU SOLAIRE (GDS), signed the EPC agreement for the Manduria 7MW PV plant in Italy. The project is the first EPC project Genertec has inked in Spain, marking a new breakthrough the company has made in expanding its presence in the Italian market of engineering contracting.

The CMC’s 100MW Photovoltaic Power Station Project in Kaposvar is the largest of its kind in Hungary and even Central and Eastern Europe at large. It has been included in the List of Priorities of the Hungarian government and the white paper on new energy development issued by China’s State Council.

The project is jointly invested and constructed by CNTIC and POWERCHINA Resources Limited, and it will be the first new energy investment, construction and operation project successfully implemented by the Company in Europe. It will become the largest new energy power generation project in Bosnia and Herzegovina as well as the largest energy project invested and constructed by Chinese enterprises in Bosnia and Herzegovina after its completion.