Blue Beam, the Australian-based company behind the phi-moon solar project, has taken the world by storm with its $1.3 billion (NZ$1.2 billion) “green-power” project in China.
Its solar panels, which are manufactured in the country, have been hailed as the next generation of “green” technology by many.
The project has been hailed by its proponents as the world’s first truly green project and is the latest in a series of ambitious projects to be developed by Blue Beam.
The company is set to open its first plant in the southern city of Wuhan later this year, with the goal of producing more than 10 megawatts of power in a 24-hour period.
This project, along with other projects that are in the works across China, has been heralded by the US as a harbinger of the “green revolution” in the Pacific Rim.
A Chinese government statement said the company was planning to produce at least 20 gigawatts of energy in total, but did not specify a price for the project.
It also said that Blue Beam planned to produce 20% of the world power demand in a matter of months.
The project is currently in the planning stage and has been granted an initial green-power permit in China, according to the Australian Bureau of Meteorology.
In an interview with The Irish News last week, Blue Beam’s CEO, Paul Stadler, said the solar project had been developed in the context of the need for a green energy solution for the country.
“I think we’re very excited about the project, but I think the big thing is we want to build a really big solar farm that’s going to be really big,” he said.
He said that it was the first time Blue Beam had done a “big” solar project in the world, adding that it would be the first in Australia.
“We’re really excited to be part of this project,” Mr Stadlers said.
“It’s a big thing for the industry and the global solar market.”
Mr Stadiers plans to make about 1,000 megawatts (MW) of power using the project by 2020.
Blue Beam said the project had also been approved by the World Bank and other international financial institutions.
Although Mr Stads said the first-generation of solar panels would cost $500,000 (NZ£375,000), he said they were on the verge of reaching a price point of $1,000,000.
Mr Stads’ comments were echoed by Mr Stadiels boss, John Kiely, who told The Irish Mirror that the company had been able to secure the first of two permits for its project.
Mr Kielys said Blue Beam was still awaiting approval from China’s government to start construction, but that he was confident it would begin operating by the end of 2019.
“I don’t think it will take us six months, but it will probably be done in one year,” he told the newspaper.
However, Blue Wave is not the only company developing green power projects in China that has also attracted international attention.
While many have been heralding the new wave of green energy technologies in China and the Philippines, there have also been some setbacks in the global power sector.
Despite the success of the Chinese project, the company has faced criticism from those who say that the project has gone far too far.
As the world transitions away from fossil fuels and towards renewable energy, some analysts have said that the Phoenix Project is the future of solar energy.
But Mr StADS said that he felt the project was a “good example” of the new energy-sustainable energy solutions being developed.
That’s why Blue Beam will be working with its partners to make the Phoenix Solar project the “next big thing”, he said, adding the company is now looking to “develop” other projects.
“In order to be the best, you need to have the most success, you’ve got to have people who have a vision, you want to work on it,” he explained.
If Blue Beam and Blue Beam continue to progress, it is expected that the new Phoenix project could be the next project in a growing number of ambitious green projects in the solar market.
More to come.