CURRENT AFFAIRS

Detailed explanation-1: -New Delhi: SABIC ’s polycarbonate facility in Spain is set to become the world’s first large scale chemical production plant which will run entirely on renewable power after a major agreement was signed with Iberdrola, an electricity utility company.

Detailed explanation-2: -SABIC reports that its polycarbonate facility in Cartagena, Spain, is set to become the world’s first large-scale chemical production site to be run entirely on renewable power.

Detailed explanation-3: -The polycarbonate facility of SABIC in Spain is all set to become the world’s 1st large scale chemical plant to will run entirely on renewable energy.

Detailed explanation-4: -Hydroelectric energy is by far the most prevalent, accounting for 83% of the world’s electricity generation from renewable sources. This is most likely because the requisite technology to generate electricity by harnessing the flow of water has been around the longest, dating back to the early 20th century.

Detailed explanation-5: -Globally we see that hydropower is by far the largest modern renewable source [since traditional biomass is not included here]. But we also see wind and solar power are both growing rapidly.