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From Electrek: EGEB: Pope gives Trump climate change letter, World’s largest solar planet...

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    EGEB: Pope gives Trump climate change letter, World’s largest solar planet financed, more

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    Electrek Green Energy Brief: A daily technical, financial and political review/analysis of important green energy news.

    The Pope gave Donald Trump a 192-page letter he wrote on climate changeencyclical (a papal letter), titled Laudato Si or “Praised Be,” essentially tied protection of the planet made by God to Catholics’ faith in God – The church has come around to a heliocentric reality, climate change and the big bang – I think we’ve got a chance with Danny boy and the Paris Agreement. Bigger broader questions remain as to what going on in the House of Representatives and the Senate.

    Abu Dhabi closes $872 million financing for 1.17GW of solar$650 million in debt with the remaining $222 million raised in equity; 25 year loan; Abu Dhabi Water & Electricity Authority (ADWEA) holds 60 percent of the company while Marubeni and JinkoSolar each hold 20 percent – Interesting data. 74¢/W to install – panels used to cost that much about two years ago. The price that JinkoSolar is selling panels into this project at probably don’t exist on the open market. The project will generate, roughly, 2 billion kWh/year – at 2.42¢/kWh – that’s around $50M/year in revenue. It’ll take 16 years to pay off $872M – which is around a 7% return on investment per the documents submitted to the power company.

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