World’s largest single-unit concentrated solar power project breaks ground

Cosin Solar's 350MW tower-type concentrated solar power (CSP) project, the world's largest single-unit CSP facility, officially broke ground in Golmud City, northwest China's Qinghai Province, on Thursday.

With a total investment of about 5.44 billion yuan (about 763 million U.S. dollars), the solar plant will utilize China's homegrown tower-based molten salt thermal energy storage technology.

The facility will feature three solar power receiver towers feeding heat to a single 350MW steam turbine, enabling it to generate stable electricity 24 hours a day.

The project is scheduled to achieve full grid connection by the end of September 2027. Once completed, it is expected to generate around 960 million kilowatt-hours of clean electricity annually.

Cosin Solar is a leading Chinese company in concentrated solar power technology, particularly in advanced molten salt tower systems.

World’s largest single-unit concentrated solar power project breaks ground

U.S. stocks ended lower on Tuesday.

The Dow Jones Industrial Average fell by 94.87 points, or 0.2 percent, to 48,367.06. The S and P 500 sank 9.5 points, or 0.14 percent, to 6,896.24. The Nasdaq Composite Index shed 55.27 points, or 0.24 percent, to 23,419.08.

Six of the 11 primary S and P 500 sectors ended in red, with consumer discretionary and financials leading the laggards by losing 0.32 percent and 0.28 percent, respectively. Meanwhile, energy and communication services led the gainers by adding 0.75 percent and 0.33 percent, respectively.

U.S. stocks close lower