CECICChina Energy Conservation Investment Corporation
CECICChina Export and Credit Insurance Corporation
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CECIC was founded by the Chinese State Council to promote and lead the advance of the energy efficiency and environmental protection industries in China.
As well as the initial pounds 10million investment funded by CECIC and the Carbon Trust, the joint venture aims to leverage significant third-party funding from the public and private sectors.
The company chairman and chief executive officer, Zhengrong Shi, said, 'We are pleased to cement our relationship with CECIC.
Chen Shuguang, Vice President of China Energy Conservation and Environmental Protection Group and Chairman of CECIC Solar Energy Technology Company.
In December 2009, PetroAlgae entered into a strategic MOU with CECIC Chongqing Industry Co.
Thus far, CECIC has undertaken more than 3,000 major projects in the areas of energy-efficiency, environmental protection (treatment of waste gas, solid waste and waste gas), and renewable energy production (wind, solar, and biomass).
Company also Announces Proposed On-grid PV Project Strategic Partnership with CECIC
Under the proposed strategic partnership, Yingli Green Energy and CECIC plan to jointly develop on-grid PV projects in China.