Iceland Signs $250 Million Deal to Clean Up Chinese Power
- Iceland to provide technology and know-how in $250m accord
- Biggest deal with China caps decades of geothermal talks
Iceland Signs $250 Million Deal to Clean Up Chinese Power
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A tiny north European island known best for icebergs, geysers and volcanoes is helping China fight pollution.
Iceland just signed the biggest deal in its history to provide the world’s second-largest economy with the technology it needs to deliver clean, geothermal heat. The agreement affects up to 15 million people in Xiong’an, a new economic area southwest of Beijing established by President Xi Jinping.