Who are the owners of Desert Sunlight?

Desert Sunlight is one of the largest PV solar plants in the world and is jointly owned by NextEra, General Electric, and Sumitomo of America. The facility reached full commercial operations in January 2015. LPO worked with 14 financial institutions to finance Desert Sunlight.

How did desert sunlight help the solar industry?

Desert Sunlight, by working with 14 commercial lending partners, paved the way for future utility-scale photovoltaic solar deals. This project's success helped contribute to the growth of the solar industry.

Are desert photovoltaics a good idea?

Michigan State University, East Lansing, Michigan, USA. As land degradation becomes more severe (see Nature 623, 666; 2023), desert photovoltaics are a triple-win, fostering not only clean-energy generation but also ecosystem recovery and local poverty reduction. Panels provide shade, cutting surface water evaporation by 20–30%.

What is China's planned solar power plant near Dalat?

The planned solar power project near Dalat, China, is one of the flagships of China's green energy transition. China, which still generates most of its electricity from coal, wants to reduce its consumption of fossil fuels and expand capacity for power generation from renewable sources such as wind and solar. The project is a significant initiative in this regard.

How was Desert Sunlight financed by LPO?

Desert Sunlight, one of the largest PV solar plants in the world, was financed by LPO in collaboration with 14 financial institutions. The loan guarantees provided by LPO helped attract new lenders to the utility-scale photovoltaic market and gave them valuable experience financing such projects.

Does China have a solar plant in the northwestern desert?

Sust. Energ. Rev. 191, 114146; 2024). China has many solar projects in its northwestern deserts, including the Tala Shoal plant in Qinghai, which covers an area almost the size of Singapore and has a generating capacity of 22 gigawatts.