Friday, September 18, 2009
Fri, September 11, 2009 - The Wall Street Journal and The New York Times report this week what could be another first for First Solar: a preliminary agreement with the Chinese government to build a 2-gigawatt photovoltaic farm in Inner Mongolia.
If the plant is actually built, it will be in stages over a decade, to cover eventually as much as 25 square miles. But "much of the deal hasn't been worked out yet," says the Journal with some understatement--minor details such as how much First Solar might be paid have yet to be settled. The company's plan is to sell the plant to a Chinese operator upon its completion, but the plant's profitability will depend on the size of the subsidies it would be eligible for. That's another detail to be worked out, as China right now is trying to decide whether to adopt a feed-in tariff that would guarantee returns on investments in renewables. More >>>