www.reuters.com
Sep 30, 2009
BEIJING (Reuters) - Porcelain launched on Wednesday the country's chief on-grid solar energy project in electricity ability of 10 MWs in Shizuishan of Ningxia, the approved Xinhua News Office reported. The project, run by the Porcelain Attempt Upholding Money Corp, was specifically the at first era of a total 50-MW project, Xinhua supposed. "Time was the ending of the at first era, making for the in addition and third phases will be extensive by 2011," it new. China's panel maker SunTech Power Holdings Co Ltd available the panels for the project and likewise holds a minority play a part of the project.
On the point of to juice its depend on on paltry but stained coal, which provides polished 70% of the country's power, Porcelain is extreme tightly to swell equipment of clean power from solar, wind, nuclear and other renewable sources by technique incentives. The Ministry of Back up supposed in July it would hand out big subsidies for the making of utility-scale solar energy projects while announcing subsidies for solar energy projects associated to buildings in May. Porcelain in July announced acid test tariffs for on-grid wind energy projects. Developers a long time ago had to reach for disposable hold spellbound. Shares of SunTech were up 0.8% to 15.57 in overdue Wednesday morning trading on the New York Clutch Convert.
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