Gorbachev fund to build solar panel factory in Armenia
Green Cross International, an environmental organization founded by former Soviet leader Mikhail Gorbachev, will allocate $8m for building a solar panel factory in the Armenian city of Spitak.
The factory is expected to produce up to 1 000 units with different capacities (3-32 kilowatt). The solar panels may be exported to Brazil and Mozambique, Delovoy Peterburg newspaper reported.
Green Cross International was founded by Gorbachev in 1993. The organization has affiliates in 30 countries, including US, Latin America, Eastern and Western Europe, Russia, Belarus, Japan, and Pakistan.