Hareon Solar — a noted developer of renewable energy projects — recently announced its intent to invest over CNY10 billion ($1.6 billion) into a 1 GW solar energy farm to be built in Inner Mongolia.
The deal — which was formally closed with the signing of a Letter of Intent on the 20th of November — is between the Mongolia Alashan Civil Administration and Hareon Solar.
The initial 100 MW is planned for completion sometime in 2014. It is to be located on a 4,000 acre site in the desert. Currently, project plans are being finalized and the project is going through the government approval and feasibility process. Hareon will reportedly receive some incentives for the project, but no details have been disclosed as far as we are aware.
In case you aren’t familiar with this are of the world, the Alashan region is located about 1,200 kilometers (746 miles) to the west of Beijing.
Image Credit: Alashan via Wikimedia CC
This article, Hareon Solar Investing $1.6 Billion Into 1,000 MW Solar Energy Project In Inner Mongolia, is syndicated from Clean Technica and is posted here with permission.
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Nathan For the fate of the sons of men and the fate of beasts is the same; as one dies, so dies the other. They all have the same breath, and man has no advantage over the beasts; for all is vanity. – Ecclesiastes 3:19