The Export-Import Bank of China provides 85% of the financing for nearly $400 million required for the project.
Annual solar energy production in North Carolina jumped 36 percent in 2018, according to the latest government data – firmly placing North Carolina as the No. 2 solar-producing state in the nation.
South Africa plans to expand use of renewable power as the coal-dependent nation expects traditional, centralized generation plants to “disappear,” Energy Minister Jeff Radebe said.
A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter.
Models of the U.S. electricity sector are relied upon by sector stakeholders and decision makers, but the recent surge in variable renewable energy (VRE), such as wind and solar, led a team of modeling experts to examine how these models would represent scenarios with high penetrations of VRE.
Different low carbon technologies from wind or solar energy to fossil carbon capture and sequestration (CCS) differ greatly when it comes to indirect greenhouse gas emissions in their life cycle.
Solar energy is to lead the race to new power generation over the coming decades, thanks in large part to China and India, the International Energy Agency said Tuesday.