By mc solar (September 8, 2009)

First Solar, an American solar company based in Tempe, Arizona, has signed an agreement with Chinese officials to build a 2,000-megawatt photovoltaic system, or a scale of electricity for 3 million chinese homes:

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.[ full article ]

Along with the recent Issuance of yuan-linked government bonds, it looks like China is putting some money behind their talk, unlike some other countries:

China’s Ministry of Finance said it plans to offer 6 billion yuan ($879 million) of government bonds in Hong Kong for the first time to elevate the “international status” of its currency. China is promoting greater use of the yuan overseas after Premier Wen Jiabao expressed concern in March that the U.S. dollar will weaken, eroding the value of its $2.1 trillion in foreign-exchange reserves. Brazil, Russia and India have also said the world is too reliant on the greenback. [ bloomberg ]



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