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World Bank, India Sign $1 Billion Solar Power Deal
2016-07-02 03:16:00| Climate Ark Climate Change & Global Warming Newsfeed
International Business Times: The World Bank Group and India signed an agreement Thursday for over $1 billion that the worlds second-most populous country will receive to develop its solar power generation. India, which currently has just over 7GW of installed solar capacity, has announced ambitious plans to increase it to 100GW by 2022. With its climate, the South Asian country has the potential to generate a large amount of solar power, and has increased its installed capacity significantly in the recent years, up from...
World Bank to back India's solar power initiative
2016-06-30 06:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: The World Bank president said Thursday that India had shown resilience in the situation created by Britain's decision to exit from the European Union, but it will be affected "if there were more events creating more uncertainty." Jim Yong Kim told reporters that the British decision has caused a shortage of capital for developing nations like India and money was flowing into safe havens like gold and U.S. treasury bills. Urging countries to embrace multilateralism and multilateral institutions,...
Here comes the sun: US solar power market hits all-time high
2016-06-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Solar energy in the US has had a rocky existence. Ever since Ronald Reagan symbolically removed Jimmy Carters solar panels from the White House roof in 1986, federal policy has been unpredictable, such that manufacturers and consumers could never depend on reliable incentives to produce and install solar energy systems. Remarkably, the US solar energy industry is now entering what may be its most prosperous decade ever, thanks to a new wave of federal and state policies and positive economics...
Solar Power to Grow Sixfold as Sun Becoming Cheapest Resource
2016-06-25 20:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The amount of electricity generated using solar panels stands to expand as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy Agency. Solar plants using photovoltaic technology could account for 8 percent to 13 percent of global electricity produced in 2030, compared with 1.2 percent at the end of last year, the Abu Dhabi-based industry group said in a report Wednesday. The average cost of electricity...
World?s First 24/7 Solar Power Plant Powers 75,000 Homes
2016-06-21 09:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Eco Watch: SolarReserve`s Crescent Dunes Project in Tonopah, Nevada is quietly providing clean, green solar energy to 75,000 homes in the Silver State even when the sun isn`t shining. Crescent Dunes is the first utility-scale facility in the world to use molten salt for power energy storage capabilities, a technology also known as concentrated solar. With a concentrated solar plant such as Crescent Dunes--including other plants like it around the world--more than 10,000 movable mirrors, or heliostats,...
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