(CFP Photo)

Eight new energy projects with a total investment of 20.8 billion yuan were signed online in Xuzhou City of Jiangsu Province on July 9.

The high-tech projects cover solar power systems, new energy vehicles and solid oxide fuel cells.

The Xuzhou Municipal Government and IDG Capital, a leading investment firm, reached a strategic agreement to set up a fund of 10 billion yuan to promote development of clean energy, smart manufacturing, semiconductors, consumption and healthcare services.

Shenzhen Energy Group will make investment in Peixian County to build a production capacity of 10GW of PV modules. LONGi Green Energy Technology will also build a 10GW PV inverter manufacturing facility in the county.

The State-owned Assets Investment and Management Group of Xuzhou City joined hands with GCL, China University of Mining and Technology, and China Academy of Space Technology to establish Xuzhou Carbon Monitoring Satellite Operation Company, which will specialize in the fields of monitoring the emission of carbon dioxide.