China Environmental Law

So much to write about so little time.  Here’s a quick look a developing story:

China.org.cn is reporting that the Yingli Green Energy and SDIC Huajing Power have submitted a joint bid to build a 10-MW solar power plant in Dunhuang which will supply power to the national grid at a price of RMB0.69/kwh (US$0.1/kwh).  The plant will cost around 500 million yuan to build and will generate 16.37 million kilowatt hours of electricity annually.  Bids for the project ranged went as high of RMB1.92/kwh, and the average bid was “around” RMB1.3-1.4/kwh.  The low price is the result of a “plunge in the price of the polysilicon used in the production of solar cells from US$400/kg to about US$100/kg.”

Yingli has built projects in Spain, and in June 2008, it won a 62-megawatt project in Portugal, the largest solar energy project in the world so far.  China.org.cn notes that “[a]ccording to some reports” Yingli “is replacing Suntech Power as the leading low cost solar technology company in China and the world.”