The North Caucasus region of Russia hopes to rival Moscow and St. Petersburg in setting up its own version of a high-tech Silicon Valley. The blueprint for the joint venture would establish a high-tech hub, focused on making silicon parts for solar power systems. According to the plan, five North Caucasus federal districts would be involved in the project, each playing a role in supply and production of raw materials. The plan hopes to take advantage of anticipated global growth in the solar energy market, with an expectation that the $1 billion project could break even in two to seven years.
http://rt.com/business/news/silicon-valley-caucasus-solar-121/
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