China and First Solar Sign Accord for Major Solar Plant

U.S.-based First Solar has signed an agreement with the Chinese government to build the world’s largest photovoltaic power plant in Inner Mongolia. By 2019, the plant is expected to produce 2,000 megawatts of electricity, which the company said would be sufficient to power three million Chinese homes.

The deal for the 16,000-acre plant, to be located in Ordos City, solidifies China’s position as the global leader in developing renewable energy, and further boosts the prospects of First Solar, the world’s largest photovoltaic cell manufacturer.

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