Sep10
First Solar China and Feed In Tariffs
on September 10th, 2009 at 5:32 amPosted In: Alternative Energy
While the United States is still considering feed in tariffs, First Solar has signed a contract with Chinese government officials to build a staggering 2 GIGAwatt photovoltaic farm in the Mongolian desert.
The plant will operate under China’s feed-in tariff. Power companies are required to purchase electricity from the installation for a certain number of years. Since the projected costs for the massive installation are about 6 billion USD. A guarantee of return on investment in the form of the feed in tariff legislation is very likely the single most important factor that makes this degree of clean energy generating project possible.
More about this solar megaproject and China’s feed in tariff program here.
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Wind power is a good source of electricity but it also takes up lots of space just like solar power plants.’.:
Every government should focus more on Alternative Energy so as not to be too dependent on Oil and avoid air pollution as well.-:*