Friday, November 19, 2010

South Africa Signs $435M Deal to Build Solar Plant

On Wednesday this week, Chinese company Yingli Solar signed a $435 deal to build a manufacturing plant in South Africa.

The solar company will partner with a local construction company on the project, and plans to begin building the plant within the next 12 months.

The director general at South Africa’s department of energy, Nelisiwe Magubane, has also signed an agreement between South Africa and the China Development to cooperate on a broad range of energy projects.

These efforts are representative of South Africa’s recently highlighted committed to increasing the country’s renewable energy usage.


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