Friday, September 11, 2009

China signs deal with US firm to build world’s largest solar power plant

When finished by energy giant First Solar from Arizona, the solar facility will supply power to three million Chinese homes.Energy giant First Solar from Arizona has won a deal to build the world's largest solar power plant in the Mongolian desert, AFP reports.




The US company will construct the two-gigawatt plant in Ordos City, Inner Mongolia, under a memorandum of understanding (MOU) signed Tuesday with Chinese officials.



The solar facility will be built in four stages over a decade and will eventually supply power to three million Chinese homes, the company said in a statement.



The financial terms of the deal were not disclosed, but First Solar said that if a similar plant were to be built in the United States, the cost would be about five to six billion dollars.



"In China, due to lower labor costs and other factors, we expect the plant cost would likely be lower," Lisa Morse, First Solar spokeswoman, told AFP.



The first phase of the Ordos solar power plant will be a 30-megawatt "demonstration" project that will see construction begin by June 1, 2010, officials said

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