China Three Gorges Invests $11 Billion in Desert Power Projects
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China Three Gorges Renewables Group Co., a unit of the country’s biggest hydropower generator, will invest 80 billion yuan ($11 billion) to expand its solar and wind fleets at a major clean energy base in the nation’s interior.
The firm will construct a 16-gigawatt project that integrates renewable power and coal, combined with a 5-gigawatt storage facility, at one of China’s largest energy hubs in northwest Inner Mongolia, according to an exchange filing on Thursday.