Chinese Utility Plans One of World’s Largest Renewable Projects
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A Chinese firm has announced it will build a renewable energy project with more generating capacity than New Zealand in a vast inland desert province.
China Energy Investment Corp. and its listed unit, China Longyuan Power Group Corp., are forming a joint venture to build the Badain Jaran in Gansu province, Longyuan said in an exchange filing on Friday. The project will have 11 gigawatts of clean energy capacity, along with backup energy storage and fossil fuel power plants.