Ningguo City could be first solar-powered city in China

A Chinese tellurium mining company, Apollo Solar Energy, has signed a non-binding letter of intent with the Ningguo Municipal Government to begin a joint venture to design, build and run a 30x50 square kilometre solar city in Anhui Province, China.

The letter presents Apollo with the chance to become a 51% shareholder with the Ningguo City Investment Company, which could lead to proving how cost-efficient the use of solar energy for an entire community could be. Other investors would own 49 percent of the ventures shares between them.

As it stands, if the plans go ahead, Ningguo will be the first city in China to use solar power as its number one source of energy. Apollo's eventual aim, it says, is to make a completely zero-emission city in China. It won't be easy, though: it's believed that the entire project including a 10 GW grid-connected solar power station, will take up to 8 years and costs up to $14 billion.

Labels: China, Solar power, Solar Powered, Solar Technology

posted by Ertai at 3:00 PM