North China will be getting a solar power plant costing 20 billion Yuan (US$2.5 billion). Once built, this plant would be China’s first large-scale commercial plant for converting sunlight into electricity. Solar Millennium AG will be building this multi-billion-dollar plant. Solar Millennium AG is a Germany-based solar energy technology company and is working with its Chinese counterpart to complete the project.
The construction is scheduled to be initiated by the end of this year. At an initial phase, the project would have an output capacity of 50 MW and that would cost around 1.3 billion Yuan (US$162.5 million). However, by 2020, the project would have a capacity of 1,000 MW (megawatts).
Via: China Daily
