business:
Chinese company expected to develop solar plant near Laughlin
Facebook
Fark
Digg
Reddit
StumbleFriday
17 February 2012
5:38 p.m.
A Chinese energy company has signed an agreement with the state expected to lead to development of a solar-energy generating station and a plant to build solar panels in Southern Nevada.
Steve Hill, executive director of the Governor’s Office of Economic Development, signed the three-year memorandum of understanding on behalf of the state with ENN Group Co. Ltd. of China on Friday in Los Angeles.
ENN has acquired an option to buy about 9,000 acres near Laughlin to build what is being called the Nevada Clean Energy Eco-Center.
The site would include a large-scale solar panel manufacturing facility, a solar farm and a renewable energy center that could include wind-generated power.
The agreement, also signed by ENN North America CEO De-Ling Zhou, calls for a mutual dialogue in the development of the facility, an exchange of information and collaboration in the planning, design and construction.
The state is enthusiastic about the center because attracting renewable energy projects is a part of the Office of Economic Development’s strategy to diversify the economy.
The agreement is the latest of several deals with Chinese entities as Nevada continues to leverage business relationships that began with tourism agreements that led to the opening of a state tourism office in Beijing in 2004.
The signing, one in a series of agreements between several states and Chinese companies, was witnessed by Chinese Vice President Xi Jinping at a signing ceremony.
“This memorandum of understanding establishes a framework for moving forward with discussions between Nevada and ENN as we work to strengthen free and open markets,” Hill said in a release announcing the agreement.
There were no details on a timetable for the project or the number of jobs the facility could create.
Share
Discussion 1 comments
Comments are moderated by VegasInc editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy.
Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their VEGAS INC account. For more on this change, read our story about how it works and why we did it.
Only trusted comments are displayed on this page. Untrusted comments have expired from this story.
Post a comment
Commenting requires registration.
If you have a LasVegasSun.com account, you are already registered.
Most Popular
- Viewed
- Discussed
- E-mailed
Oh Joy, new jobs coming to the state and more money for the Chinese Economy while our economy dwindles. Another indication of how our politicians , be they at the State or Federal Level really care about their country, lets outsource everything we do , the hell with the middle class needing jobs.
This is good, more jobs and for once the money will be flowing to this country in payroll and materials instead of going over seas. Yes, the profits may leave the country but the bulk of any product is the cost and that will be here in our state.
They have the cash, mostly made from the U.S. and now they will be spending it here. Glad to see it!
ok, this is good news, but why can't it be "american company..."
and to think obama did not have to even give this company $500 million.