Renewable Energy
Morocco to build the world’s largest solar power plant
Morocco will build the largest concentrated solar power in the world at Ouarzazate city. The project, alongside with hydro and wind, will help provide nearly half of Morocco's electricity requirement by 2020.
Toyota's New Hydrogen Car Mirai Outputs Clean Safe to Drink Water
US consumers can now buy or lease the Mirai, Toyota's first fuel cell car that runs by combining hydrogen and oxygen to produce electricity. Since it runs on water, its only output is also water, which is clean enough to drink.
$57 million loan to fund the Renatosu Soma Solar Park
Japan is setting up a 53-megawatt solar powered station to be situated in northern Fukushima. Four lending institutions will back up the project namely Mitsubishi UFJ, Sendai-based 77 Bank which will provide the highest amount of loan of $57 million and other two lenders according to PV Magazine.
Giant companies to combat climate change through renewable energy
The global effect of climate change is devastating, prompting countries and giant companies to take action in addressing the changes in climate. On Wednesday, nine major companies are expected to take part in a global coalition of firms intent on transitioning to renewable energy. New members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart, and Goldman Sachs. Couples of companies had already reached the target of 100% while others do not expect to do so for several decades but are generally setting assertive interval targets, according to The New York Times.