$2bn #solar #Mongolia, Hareon Solar invests in 1GW power plant 1.000km from #Beijing

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.

source: jbsnews.com