Tagged: Solar Energy

The future doesn't look so bright for China-based Suntech, one of the world's largest makers of solar panels: On Wednesday, it was forced into bankruptcy after missing a $541 million payment to bondholders.

Abu Dhabi, the most oil-rich of the United Arab Emirates, is now home to the world's single-largest concentrated solar power plant.

The 100-megawatt Shams 1 plant cost an estimated $750 million and is expected to provide electricity to 20,000 homes, according to the BBC.

Why, you might ask?