Sunday, April 08, 2012

The Chinese Try to Harness the Nevada Sun - Businessweek

http://www.businessweek.com/articles/2012-04-05/the-chinese-try-to-harness-the-nevada-sun

"ENN, based in the northern city of Langfang, is buying 14 square miles of land from Clark County for $4.5 million, less than one-eighth of the $38.6 million assessors told the county the property was worth last year. The company plans to manufacture solar panels on the site and then operate a solar farm generating 700 megawatts of electricity, enough to power 175,000 homes. It says the construction of the complex would put 2,505 people to work. County officials say a statute allows governments to sell property for development at a below-market rate if the project creates jobs."
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