BEIJING, Aug. 30 (APP):  Construction of a large solar power project with an investment of 450 million U.S. dollars was launched Saturday in Wuhan, capital of Hubei Province in central China.The project is scheduled to go into production in three years with an annual product value of one billion U.S. dollars to turn out products related to solar power industry.

The 500-megawatt project is a joint venture of Greenway Solar-Tech(China) Co. Ltd. and Evergreen Solar Inc. of the United States, according to Ding Kongxian, chief executive officer of Greenway Solar-Tech. Nasdaq-listed Evergreen Solar manufactures and markets solar power products, including solar cells, panels and systems.