First Solar (FSLR.NASDAQ) is soon to hear from officials the amount of subsidy it will receive following the Arizona-based power company’s agreement to build the world’s largest solar power plant in Inner Mongolia, Reuters reported. Company president Bruce Sohn said China’s National Energy Administration is "establishing a strategy to move to a concessionary bidding process over the course of the next few months." First Solar announced last year that it would build a 2 gigawatt solar power plant in Inner Mongolia’s Ordos city. Sohn said the company wants China to set up a "feed-in tariff" as used in Germany, to subsidize the Ordos solar power project. China has been gearing up production of clean energy solutions, including solar, as it tries to reduce its dependency on coal as a prime fuel source.
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