Renewable energy developer, Hareon Solar has signed a Letter of Intent to invest CNY10 billion (US$1.6 billion) for a 1GW solar farm in Inner Mongolia.
The deal was signed on 20 November, by the Mongolia Alashan Civil Administration and Hareon.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The proposed Alashan power plant is scheduled to be completed 2014 and is on a 4,000 acre site taking advantage of desert wasteland to meet local energy demands.
The project plans are to be completed within the next three months, while awaiting governmental approval and completion of a feasibility study.
Hareon will receive “investment incentives”, according to the document