Solar power is big business!
In an article from PV TECH, I read that “The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IAE) and the International Renewable Energy Agency (IRENA).
In their first ever collaboration, IEA and IRENA found that a total of 6 million jobs would be created, even when accounting for jobs lost in other industries.
Further jobs will also be created in the energy efficiency sector. The report stressed that efforts on the transition need to be stepped up urgently to stay in line with the targets of the Paris Agreement.
IRENA director-general Adnan Z. Amin, said: “Critically, the economic case for the energy transition has never been stronger. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. And through 2050, the decarbonisation can fuel sustainable economic growth and create more new jobs in renewables.”
Diversifying our power supply is key
Renewable Energy Analyst and Research Projects Manager of the Geothermal Energy Association, Benjamin Matek, reports that “Last fall, the California legislature passed SB 350, a bill that will increase the state’s renewable energy generation to 50 percent by 2030 utilizing resources like wind, solar, biomass, and geothermal energy. This goal will be a first. No large-scale economy like California has ever attempted to transition to a grid powered in majority by renewables.
Study after study on the California energy landscape point toward the same answer: make the grid diverse. California’s grid will require a mix of renewable resources like solar, hydropower, storage, wind, and geothermal. For example, a study commissioned by the Walton Family Foundation on a 50 percent renewable grid found that “replacing 10 TWh of solar PV with geothermal . . . reduces CO2 emissions by 4.2 million metric tons per year in California and 2.4 MMT/yr in the rest of the West.”
For more information on geothermal energy usage, go to: http://www.renewableenergyworld.com/articles/2016/04/studies-show-geothermal-and-grid-diversity-benefit-the-environment-and-consumers.html?cmpid=renewablegeothermal0552016&eid=326825548&bid=1395781
Renewable Energy World, one of the leading publications in the RE business just ran an encouraging story about the RE market.
“Renewable energy accounted for the majority (50.5 percent) of new U.S. electrical generation put into service during the first 11 months of 2016, according to the latest issue of the Federal Energy Regulatory Commission’s (FERC) monthly Energy Infrastructure Update (with data through Nov. 30, 2016).
Combined, newly installed capacity from renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) totaled 9,655 MW, surpassing that from natural gas (8,109 MW), nuclear power (1,270 MW), coal (45 MW), and oil (33 MW) combined.
The rapid growth of renewables — particularly solar and wind — has resulted in their seizing an ever-growing share of the nation’s total generating capacity. Five years ago, renewable sources cumulatively accounted for slightly over 14 percent of total available installed generating capacity; now they provide almost 19 percent (18.69 percent): hydropower, 8.53 percent; wind, 6.58 percent; solar, 1.84 percent; biomass, 1.41 percent; and geothermal, 0.33 percent.”
Story source: http://www.renewableenergyworld.com/articles/2017/01/renewables-provide-majority-of-new-us-generating-capacity-through-november-2016.html?cmpid=enl_REW_GEOTHERMALENERGYNEWS_2017-01-12
According to a report released on May 25, 2016 by the International Renewable Energy Agency “more than 8.1 million people worldwide are now employed by the renewable energy industry — a five percent increase from last year.
The countries with the most renewable energy jobs in 2015 included China, Brazil, the U.S., India, Japan and Germany.
The solar PV sector remains the largest renewable energy employer worldwide, with 2.8 million jobs in manufacturing, installation and operations and maintenance.”
Way to go GREEN!
Which states are leading the US in using 100%Renewable Energy?
An article in the 9/18/15 issue of Renewable Energy News lists Aspen, Colorado as the third US municipality to source all its energy requirements from renewable sources,
joining Burlington in Vermont and
Greensburg in Kansas.
Way to go folks, you are demonstrating that not only it CAN be done, but that it SHOULD be done in all US cities.
The government of Canada’s Yukon Territory is seeking public comment on a draft strategy for the development of a biomass energy sector in Yukon.
“A biomass energy strategy will guide the development of an emerging sector that can offer yet another much-needed solution to deliver adequate energy during our long, cold winter months,” said Scott Kent, the Yukon’s minister of energy, mines and resources in a written statement.
“The adoption of modern, clean-burning wood-heating technology will increase demand for wood products and create new jobs in the forestry and the heating industries,” Kent said.
Biomass energy is energy derived from organic matter. In the Yukon, the most commonly available biomass resource is wood, which is the main focus of the draft strategy.
Story source: http://www.renewableenergymagazine.com/article/yukon-government-proposes-biomass-energy-strategy-20150505