Skyworth Group's shares rose 8.53 per cent in early trading to HK $5.09 with a turnover of HK $17.3603 million.

Recently, news came from Skyworth's overseas photovoltaic market-the 10MW distributed photovoltaic power station project in Okla, Abruzzo, Italy, was officially signed, marking that the project has entered a substantial construction phase.

According to the introduction, the project is located at the junction of Lazio and Abruzzo regions in Italy, with an installed capacity of 10MW. After completion, it is estimated that the average annual power generation capacity will be about 14.059 million kwh, which can reduce a large amount of carbon emissions and transmit a steady stream of green power every year.

At present, this project has entered the Ready to Build(RTB) stage and successfully won the electricity price auction quota from the Italian government, providing a key guarantee for the smooth grid connection and stable income of the power station in the future.

The project adopts a joint venture cooperation model. Skyworth Photovoltaic and Italian local companies jointly set up a joint venture company, Skyworth Photovoltaic will be the general contractor of the project, fully responsible for the overall construction of the power station and the supply of core equipment.

In addition, Skyworth Photovoltaic has made positive progress in the European market, including the successful signing of a 10MW photovoltaic project in Bordeaux, France, and gradually building a clean energy network covering key regions in Europe.