• World’s largest parabolic trough concentrating solar plant in Arizona receives $1.45 billion loan

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    Arizona will have the world’s largest parabolic trough concentrating solar plant in the world, all thanks to the US Department of Energy’s generous loan of $1.45 billion to Abengoa Solar Inc.’s Solana project, taking it one giant step closer to reality. This plant when built will be powerful enough to generate energy to lighten up a good r 70,000 homes. Besides this, it will also help create 1,600 to 1,700 new construction jobs. With a 250-megawatt capacity, the Solana project located near Gila Bend will use 70 percent of the components made on American soil. This indirectly will help create job opportunities abroad too. And also, the Solana project will suck out some 475,000 tons of carbon dioxide from the air on an annual basis!

    We’ll soon see Arizona go green in future. It feels just great to see projects like these sprout up and do their bit into creating some green renewable energy.

    Posted in Topics:Alternative Energy, Tags: , on December 28, 2010