Big Solar Power Plant Planned for Northwest China

Reuters reports on big plans for a new solar plant in northwest China:

Two Chinese companies on Friday announced plans to build a solar power plant in northwestern China that could one day be the largest photovoltaic solar project in the world.

The news helped spur a rally in shares of solar power companies that was also underpinned by higher oil prices and a strong rise the broader market.

China Technology Development Group Corp (CTDC.O) and privately held Qinghai New Energy Group will begin building a 30 megawatt solar power station in China’s Qaidam Basin this year with an initial investment of $150 million, they said in a joint statement.

The project, which will combine thin-film and traditional silicon-based technologies that turn the sun’s rays into electricity, ultimately will produce 1 gigawatt of power, the companies said, without giving a timeframe.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.