China launches solar power project

Wuhan (China), Aug 30 (Xinhua) China has begun construction of a 500-megawatt solar power plant in the country’s central Hubei province, officials said.

The plant is being built in the provincial capital of Wuhan at a cost of $450 million.

The project is a joint venture between Greenway Solar-Tech Co. Ltd. Of China and the Evergreen Solar Inc. of the US, said Ding Kongxian, chief executive officer of the US firm, Saturday. The construction of the plant will be completed in the next three years.

The Evergreen Solar Inc., a Nasdaq-listed company, makes products such as solar cells, panels and systems.