The European Investment Bank (EIB), the main lending arm of the European Union, has decided to stop financing most coal-fired power plants, part of an effort to help the 28-nation bloc meet ambitious greenhouse gas reduction targets by 2030.
The EIB says that new and refurbished coal-fired
Earlier this month, Morocco announced that it will invest $9 billion in solar energy to build five solar power farms across the country. The combined energy output will be 2,000MW. The northern African country hopes to be getting 38% of its installed power generation from the sun by 2020.
Even though no date was set for the solar