Finance
Saudi Arabia, the world's oil king, is looking to become the king of another resource: solar power.
Twenty of the world's leading off-grid clean energy entrepreneurs sent a letter today to World Bank Group president Robert Zoellick requesting $500 million in financial commitments to help them deliver on the world's energy access goals.
Despite all the political rhetoric, the bottom line hasn't changed: carbon emissions are increasing in every corner of the planet. This is largely due to the fact that the global economy is so unequivocally tied to fossil fuel consumption.
One company appears to be dominating Maine's growing wind sector -- First Wind. The company recently completed construction financing for its latest project, the 34-megawatt Bull Hill Wind farm in Hancock.
First Solar, Inc. (Nasdaq: FSLR), the world's largest maker of thin-film solar panels has seen its value fall to an all-time low today. At 4:00 PM EST, the company's shares were down 6.78%, trading at $19.25 on the Nasdaq.
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