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.”
“A new report by a German think-tank has found that solar power will prosper in the UK, without subsidies, as early as 2020. The report by Thema 1, based in Berlin, used the German experience of solar power to project the outlook for solar costs in Britain and its impacts on utilities. Solar is already leading new changes in the power market and will overtake both gas and coal to become the number one global power generation technology in terms of annual installations.”
An Innovative Cleantech Strategy: Invest in Solar PV for Nonprofits: Guest post by Lee Barken
For decades we’ve been led to believe that donating money is the only way to financially support a nonprofit organization committed to a mission we care about. However, what if there was a different way to support nonprofits that could also provide a modest financial return?
Perhaps the biggest challenge for nonprofits that want to install solar energy systems is that a variety of tax laws have created a perverse disincentive where donations to buy solar panels actually hurt the nonprofit. Since renewable energy projects are incentivized through the tax code, every dollar donated to a tax-exempt organization in support of a solar project immediately suffers a tax consequence that cuts the value of the donation nearly in half.
There’s a better alternative. Instead of asking for donations, San Diego-based CollectiveSun, has created a platform that allows community investors to fund the purchase of a photovoltaic solar system and facilitate a Power Purchase Agreement (PPA) with their favorite nonprofit. Payments on the energy sold under the PPA are then used to repay the investors with annual principal and interest payments. The community investors make money, the nonprofit saves money, and the planet benefits from a reduced environmental impact. It’s a triple-win.
A solar plant built by Scatech Solar in cooperation with local partners has become the first utility-scale renewable energy facility to supply electricity to South Africa’s state power provider. The 75MW Kalkbult solar PV plant near Petrusville in the Northern Cape, was officially opened on Tuesday 12thNovember, three months ahead of schedule. To read more about this new solar plant, go to: http://www.renewableenergymagazine.com/article/south-african-solar-plant-connects-to-the-20131115
Martha A. Duggan serves as Vice President, Government and Regulatory Affairs for United Solar Ovonic (a division of Energy Conversion Devices), headquartered in Rochester Hills,Michigan. United Solar is the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets. Ms. Duggan is responsible for policy development and advocacy before state, federal and international governments and energy regulatory bodies. Prior to joining United Solar, Ms. Duggan served as Vice President, Government Affairs for SunEdison, a leading solar integrator. At SunEdison, Ms. Duggan managed a team of solar policy experts across North America.