solar power

Sam Geall, the executive editor of China Dialogue, a bilingual website on the environment, said Beijing viewed having a climate change denying US president as a rare and unexpected opportunity to boost Chinese soft power by positioning itself as the world’s premier climate change fighter.

New solar technology is poised to provide cheap power to many of the 600 million people in Africa who lack access to reliable electricity. Innovation in “off-grid” solar power is becoming accessible to even the most remote communities for less than a half dollar a day. [...] The company received $50 million in financing from the U.S. government’s Overseas Private Investment Corporation, as part of President Obama’s Power Africa initiative.

The Overseas Private Investment Corporation (OPIC), the United States' government development finance institution, said it has approved funding for a $400 million solar farm in South Africa as part of new energy projects in emerging markets. [...] The company said the initiative was part of President Barack Obama's $7 billion plan to "Power Africa". Launched in 2013, the plan aims to boost electricity access in Sub-Saharan Africa.