U.S. firm's landmark solar deal with China starts off with a bang, then fizzles (US co. screwed)

[jpak]

http://www.washingtonpost.com/wp-dyn/content/article/2010/08/12/AR2010081203201.html

With great fanfare, an Arizona-based energy company signed a preliminary agreement with China last fall to build the world's largest solar power plant in the Mongolian desert.

The deal was hailed as the first major example of the U.S. and China cooperating on a big-ticket energy project, and the largest foray by an American company into Asia's fast-growing alternative energy market. The agreement became a centerpiece achievement of President Obama's visit to China last November.

But nearly a year later, the deal has not been completed and there is growing skepticism as to whether it will happen.

Chinese competitors in the solar business have complained openly about the American company, First Solar, getting such a lucrative contract. A planned June 1 date to break ground was missed. And government officials from the Chinese region of Inner Mongolia, where the plant would be built, say they plan to open the project to competitive bidding.

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[w4rma]

1. 'Free' trade is one-sided. It was implemented to destroy and pillage the American workforce. (nt)

[pscot]

2. In that case

it's been a big success.

[madokie]

3. No doubt about that