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China launches $3.7bn solar power plant

By Tim Wilson and David WhitehurstPublished August 05, 2018 04:07:53A $3 billion China-India solar energy project has been officially launched by the government of China.

The announcement comes as Beijing looks to increase its reliance on renewable energy sources as its economic growth slows.

The new plant is the largest in the world and the first of its kind to use solar power to produce electricity.

It has the capacity to generate 200 megawatts of power.

Its construction will cost the Chinese government a total of $6.2 billion, the Xinhua news agency reported.

It is the first major infrastructure project China has undertaken since its leaders launched the “One Belt, One Road” initiative in 2013.

The project has also attracted international attention.

President Xi Jinping hailed it as a major milestone in the countrys efforts to achieve the ambitious goal of building a new China-led economy.

The country has said it wants to be one of the world’s top five solar power producers by 2020, while President Xi Jinping has said he wants to double China’s solar energy capacity to 250 gigawatts by 2020.

It has also said it is considering launching the worlds first commercial-scale solar power project, with an estimated total capacity of 3.6 gigawatts.

China’s first commercial solar power installation is pictured at a construction site in Shanghai, China, August 04, 2018.APTopics:energy,energy-and-utilities,energy,technology,government-and,energy/energy-market,energyconsumption,energypolicy,energysource,solar-energy,china