May 26 2010
Apollo Solar Energy, an integrated producer, miner and refiner of tellurium-based and high-purity tellurium (Te) metals meant for the solar photovoltaic (PV) sector, has inked a contract with the Ningguo Municipal Government for constructing a demo solar energy station having 2 MW capacity in Anhui Province’s Ningguo City in China.
As per the contract, $8.75 million (RMB 60 million) will be spent by Apollo Solar Energy for the construction of this solar energy plant and will be in charge of the overall construction work such as design, planning, installation and construction. This power station is likely to begin operations by September 2010.
The CEO of Apollo Solar Energy Renyi Hou stated the company has bought thin-film solar panels having 2 MW capacity in the U.S. and expects the products to arrive at the city of Ningguo by June 2010. Renyi added that the support offered by the government on products such as CdTe (Cadmium-Telluride) thin-film solar cells will lead to solar power stations being commercialized.
The International Energy Agency (IEA) estimates that 20 – 25% of the overall electrical energy supply will be provided by solar energy by 2050, as long as governments continue existing subsidies for the solar PV sector.
Source: http://apollosolar.com/