Photo: First Solar
First Solar became the first U.S. solar company to break into the Chinese market on Tuesday and it did do in a big way when it signed an agreement to build a two-gigawatt thin-film solar power plant in Inner Mongolia. As I write in The New York Times:
Chinese government officials signed an agreement on Tuesday with First Solar, an American solar developer, for a 2,000-megawatt photovoltaic farm to be built in the Mongolian desert.
Set for completion in 2019, the First Solar project represents the world’s biggest photovoltaic power plant project to date, and is part of an 11,950-megawatt renewable-energy park planned for Ordos City in Inner Mongolia.
The memorandum of understanding between Chinese officials and First Solar, the world’s largest photovoltaic cell manufacturer, would open a potentially vast solar market in China and follows the Chinese government’s recent moves to accelerate development of renewable energy.
You can read the rest of the story here.