NOW the power in the world will change hands!!!
First Solar signs massive deal with China inner mongolia here we go NOW the power in the world changes
http://news.cnet.com/8301-11128_3-10347438-54.html?part=rss&subj=news&tag=2547-1_3-0-20
First Solar has signed a memorandum of understanding with the Chinese government to partner on a 2,000-megawatt power plant in Ordos City, Inner Mongolia, China, the company announced Tuesday.
If completed, it will be one of the largest solar power plants, perhaps the largest, in the world in terms of megawatts. In comparison, the U.S. Army is building a 500-megawatt solar thermal farm in the Mojave Desert, First Solar has a 550-megawatt project planned in California, and Canadian Solar recently announced a 500-megawatt solar farm also planned for Inner Mongolia.
Construction on the first phase of the First Solar project in China, a 30-megawatt plant, will begin in June 2010. The second phase 100-megawatt and third phase 870-megawatt installations are scheduled to be completed in 2014. The final fourth phase, a 1,000-megawatt installation, is slated for completion by 2019.
"We are very pleased to be partnering with one of the solar industry's global technology leaders in a project of such significance to Ordos's low carbon future. Discussions with First Solar about building a factory in China demonstrates to investors in China that they can confidently invest in the most advanced technologies available," Cao Zhichen, vice mayor of Ordos City, said in a statement.
First Solar both manufactures thin-film solar cells from cadmium telluride and builds solar power plants. To accommodate the massive undertaking in China, it will "review the possibility of module and supplier manufacturing sites in Ordos, and other considerations required to support a First Solar investment."
The company also plans to look into recycling used photovoltaic modules in China, something it's already been doing in the U.S.
The Inner Mongolian government has arguably taken a keen interest lately in solar energy. Canadian Solar, a Canadian company with China-based subsidiaries, announced in August its 500-megawatt power plant will be built in Baotou, Inner Mongolia, China. Ordos City is about two hours south of Baotou.
The surge in Chinese solar investment is no doubt due in large part to China's $586 billion stimulus package announced in November 2008, which included an estimated $70 billion earmarked for improving the country's electrical grid.
WHY AND HOW ALARMING THIS IS
http://georgewashington2.blogspot.com/2009/08/china-deploys-rare-earth-metals-for.html
China has cornered well over 90% of the market for rare earth metals, which are essential in various high-tech products.
The Telegraph ran an article on August 24th pointing out that China is now deploying these resources to gain strategic advantage:
- Beijing is drawing up plans to prohibit or restrict exports of rare earth metals that are produced only in China and play a vital role in cutting edge technology, from hybrid cars and catalytic converters, to superconductors, and precision-guided weapons.
- A draft report by China