Thursday 5 April 2012

Solar Jobs Join Harry Reid to Chinese Billionaire in Price Drop

 

Solar Jobs Join Harry Reid to Chinese Billionaire in Price Drop

A Chinese billionaire is teaming up with the most powerful man in the U. combined last year, in Laughlin, Nevada, a town pockmarked with foreclosed properties and the skeleton of a 14-story resort abandoned when the project went bankrupt. 6 million assessors say it is worth. "It doesn't make sense in terms of supply and demand. The project has produced legal work for Reid's son, Rory, a lawyer at a Las Vegas firm that gave the Nevada Democrat more than $40,000 in the past three election cycles.

Company founder Wang Yusuo, one of China's richest men, has joined with Senate Majority Leader Harry Reid to win incentives including land 113 miles (182 kilometers) southeast of Las Vegas that ENN is buying for $4.

"This is counter to most logic," said Thomas Maslin, an analyst at IHS Emerging Energy Research in Washington , D.

ENN Group (ENNGZ) plans a manufacturing and generating facility worth $5 billion, more than all Chinese investment in the U. The likely rationale is that because they're building on public land they need to justify somehow the price through job creation and high- tech manufacturing.

Solar Jobs Join Harry Reid to Chinese Billionaire in Price Drop



Trade News selected by Local Linkup on 05/04/2012

 

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