North China will be getting a solar power plant costing 20 billion Yuan (US$2.5 billion). Once built, this plant would be China’s first large-scale commercial plant for converting sunlight into electricity. Solar Millennium AG will be building this multi-billion-dollar plant. Solar Millennium AG is a Germany-based solar energy technology company and is working with its Chinese counterpart to complete the project.
The construction is scheduled to be initiated by the end of this year. At an initial phase, the project would have an output capacity of 50 MW and that would cost around 1.3 billion Yuan (US$162.5 million). However, by 2020, the project would have a capacity of 1,000 MW (megawatts).
Via: China Daily
[...As the evidence of global climate change continues to show us that we’re not just facing a warming world, but one warming more quickly than we thought even a few years ago, all eyes are on China. While the Chinese have invested heavily in coal and nuclear power, they’ve also demonstrated that they’re moving aggressively into renewables as well. On Friday, ChinaDaily.com reported that the country has formed a partnership with German-based Solar Millennium AG to build China’s first large-scale...]
