NewEnergyNews: China To Build World’s Biggest Solar Panel Project

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    Friday, October 21, 2016

    China To Build World’s Biggest Solar Panel Project

    Out of China’s Dusty Northwest Corner, a Solar Behemoth Arises

    September 19, 2016 (Bloomberg News)

    “…[A] solar farm under construction in the Ningxia region of the [China’s] northwest takes efforts to a new level…[It is] being developed in phases by the clean energy unit of China’s biggest private investment group, will cover…slightly more than 7,000 U.S. east coast city blocks…[and will have a capacity] of 2 gigawatts…The 15.6 billion-yuan ($2.34 billion) plant will need about 6 million panels and will be the biggest the world has ever seen…Minsheng New Energy’s Ningxia plant is emblematic of China’s clean-energy ambitions. China’s solar installations more than doubled to 50 gigawatts in the two years through 2015…[and installations are projected to] more than double again to 109 gigawatts by the end of 2018…[T] he U.S. is expected to have about 41 gigawatts of solar by the end of this year…One reason Minsheng hopes the sheer scale of the project will work to its benefit: the decreasing price of solar panels, which account for a majority of total investment in the farm. Solar panel prices have averaged about 3.85 yuan a watt since construction began, but have fallen about 12 percent to 3.4 yuan a watt currently…” click here for more

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