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CTDC, Qinghai New Energy Approved for 1GW Solar Station
China Technology Development Group Corporation (Nasdaq:CTDC) and Qinghai New Energy (Group) Co. Ltd. signed with local government representatives on December 27 to begin work on a 1GW on-grid solar station in Qinghai's Qaidam Basin. The project, which will integrate crystalline silicon and thin-film solar cells, is scheduled to begin construction in 2009 with initial investment of about RMB 1 billion for a 30MW-scale. The Qinghai solar station is expected to become China's largest on-grid solar station after completion.
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