The MTM Corporation has announced that it has raised $25 million to expand its operations into China and plans to build the world’s largest solar power plant there.MTM, a Chinese multinational, will purchase 50 percent of the equity in a new company called Organo Gold, which is a subsidiary of Organo Energy Holdings (OGH).
The company is owned by the state-owned Chinese Investment Corp (CIC) and is part of the Chinese government’s efforts to become a global energy player.
The deal will give Organo the ability to build and operate an international solar power grid in China.
The deal also gives Organo a foothold in the booming solar energy market in China, which has become a huge growth opportunity for Organo and other companies in the region.
Organo’s solar power company, which was established in 2014, has seen an increase in demand since it launched in China in 2013.
Organo now has more than 7,500 MW of solar power capacity in the country.
Organos solar panels are also used in several other major Chinese cities, including Shenzhen, Shanghai, Hangzhou, Zhengzhou and Guangzhou.
Organa Gold has announced plans to expand in the coming years and will become a major player in the Chinese solar power industry.
Organos SolarPower will have an average capacity of 7,600 MW and has an investment value of more than $300 million.
Organocan is a publicly traded company that is currently in the process of raising additional funding.
Organocan will have two solar power plants in China and an existing facility in Hong Kong.
It will be the first Chinese company to build a solar power facility in China but not in China’s second largest city, Beijing.
Organoworld is a news source that is based in New York.
It is owned and operated by News Corp, which also owns The Wall Street Journal.
This website is not endorsed by News Corporation.