China has announced plans to build the world’s largest solar farm in a coastal village that could serve as a “laboratory” for manufacturing new technologies.
The village of Jigao has been selected for the plant, which is estimated to cost about $10 billion.
The facility would produce solar panels at a cost of about $200 per watt, according to the Chinese government.
China’s solar industry has grown at a rapid pace, with more than 1,000 megawatts of solar power being installed in 2015.
The country has invested more than $200 billion in the solar industry in recent years.
The Jigaos farm would produce panels that can be shipped overseas for use in manufacturing other products, such as solar modules, the Xinhua news agency reported.
The Chinese government said that the plant would be able to produce up to 12 megawatts per year, but that it would not be ready to start producing solar panels in 2019.
China has been making strides in renewable energy, opening new factories and opening new markets to the solar sector.