Shenzhen Ruihe Construction Decoration announced the signing of an EPC agreement with Dongyuan County Laowei Photoelectricity Technology for a 40MWP solar photovoltaic project. The EPC values JPY 240,333,333 (approx. USD 34.8 million), accounting for 13.2% of Ruihe's 2015 audited revenue. The company said the signing of the contract laid a foundation for the company to grow its presence in the solar power generation market and marks a key breakthrough in the EPC construction for solar projects.