Here Comes China’s $3B, ‘Golden Sun’ Projects

By Ucilia Wang in Greentech Media, November 16 2009

China has selected hundreds of projects for its Golden Sun initiative to subsidize solar power plant installations across the country.

The Ministry of Finance said it has selected 294 projects totaling 642 megawatts. The ministry estimated that the projects would require a total construction costs of roughly RMB 20 billion ($2.93 billion). The government previously said it would subsidize half of a project's installation and related transmission costs.

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