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China: nuclear and coal giants go solar
Chinese coal and nuclear energy giants are suddenly piling into the solar industry. Is this the way of the future, not only in China but around the world?Solar is quick to deploy, investments can be yielding returns within 12 months, the export market is increasingly buoyant in sunny developing countries, and costs are constantly falling.
First the Datong Coal Mine Group, China’s third-largest coal-mining company, announced its joint venture with PV giant Yingli Green Energy to develop and construct solar power plants in the city of Shuozhou in China’s Shanxi Province.
Chengsheng Li, chairman of the new joint venture as well as Shuozhou Coal Power, said: "Our joint venture echoes the national target for the building of a beautiful China and will help to meet our national targets for clean electricity generation.
"Additionally, the joint venture is in line with the strategy of Datong Coal Mine Group's sustainable development."
http://www.theecologist.org/News/news_round_up/2232101/china_nuclear_and_coal_giants_go_solar.html