Mid-tier Chinese coal miner Shanxi Coal International Energy Group is planning a significant investment in the competing business of making high-tech solar power cells.
The state-owned firm will lead a joint venture to build a 3-gigawatt solar manufacturing plant for 3.19 billion yuan ($461 million), according to a statement on Friday. It’s the first phase of a project that will grow to 10 gigawatts -- the equivalent of the generating power of 10 nuclear power plants -- producing high-efficiency cells through so-called heterojunction technology.
