Word: mongolia
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...China, one doesn't have to look far to see the country's commitment to renewable energy. In cities such as Beijing and Shanghai, rooftops are now covered with solar water heaters. On the grasslands of Inner Mongolia, towering white wind turbines are popping up where only cattle, sheep and herders on horseback once roamed. While coal consumption is expected to climb more than 3% annually for the next two decades, the government has also required that electrical companies add a significant amount of alternative energy to their portfolios. With the global economy languishing, China - which is not only...
...That expectation was given a boost in September when First Solar, the Arizona-based solar-module manufacturing giant, announced that it had landed a deal to build a solar field bigger than Manhattan near the city of Ordos, Inner Mongolia. The project will dwarf the largest solar plants to date, and eventually generate enough electricity to power the equivalent of 3 million Chinese homes. To fulfill the huge demands, First Solar says it's considering building a solar-module manufacturing facility in the city to support the project. While financial details were not released, news of the deal caused First...
...also expanding in less-developed western regions like Xinjiang and eastern ones like Inner Mongolia, where the company is building its 39th Chinese bottling plant. Bold moves in a downturn? Maybe, but then again, there's precedent. In the 1930s, Coke broke in to 20 new countries and territories, an expansion of 74% from the start of the decade. This decade may not quite be another Great Depression, but the strategy seems worth repeating...
What haven't you eaten? Where haven't you been? There's still more places I haven't been than places I've been. I've become an Africa junkie in the last year or two. It's a magical place. This fall I'm crossing Afghanistan and Mongolia off my list. I would like to get down to the South Pole...
...expanded into a clean-energy conglomerate with more than 24,000 employees. Chu peppered his hosts with technical questions as he checked out a sleek factory churning out superefficient solar panels, a greenhouse where genetically engineered algae were excreting fuel, a prototype for a coal-gasification plant in Inner Mongolia and a research lab with 300 scientists. It felt like an only-in-America business story, except we were in Langfang, just outside Beijing...