04 Aug '11, 9am

California Solar Development Gets $77 Million Loan

California Solar Development Gets $77 Million Loan

Solar power is the conversion of sunlight into electricity, either directly using photovoltaics (PV) , or indirectly using concentrated solar power (CSP) . Renewable energy, or energy that comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat which are renewable (naturally replenished), is growing fast around the world and especially in California. Renewable electricity production, from sources such as wind power and solar power, is sometimes criticized for being variable or sporadic. But the International Energy Agency has stated that deployment of renewable technologies usually increases the diversity of electricity sources, gives communities more options, through local generation, and contributes to the flexibility of the system and its resistance to central shocks.

Full article: http://cleantechnica.com/2011/08/04/california-solar-deve...

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