The world’s largest solar plant appears set to be built in China, after the US’ First Solar revealed plans for a major foray into the Asian nation’s fast-growing alternative energy sector.
Under a Memorandum of Understanding (MoU) with the Chinese government, First Solar will build a 2-gigawatt power plant in Ordos City, Inner Mongolia. The company will also consider building a new manufacturing plant in China.
The announcement comes as the solar industry struggles to emerge from a year-long slump that saw financing for new projects dry up and reduced subsidies in Spain create a glut of unsold cells and panels.
The project is part of China’s programme to generate 10% of its energy from renewable resources by 2010 and 15% by 2020, to help meet its growing energy appetite that has made the country the world’s top emitter of carbon dioxide.
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