Last week an agreement was signed by the Dali government and Yuanchang High Technology Group to cooperate on a US$500 million solar project that upon completion will be the largest non-crystal silicon thin-film solar cell power project in Asia, according to local media reports.

Upon completion of a 40-megawatt power station in the project's first phase, the station is expected to generate annual revenue of US$80 million and tax revenue of up to US$40.9 million. Once the entire project is completed it is projected to generate US$240 million in annual revenue and US$122.7 million in tax revenue.