If you are looking to sell your home or are just thinking about doing some upgrades to make it more attractive when you do finally sell it, studies show that making your property more eco-friendly will make it more attractive to potential buyers. If you want to get specific, there are some upgrades that not only help the environment by reducing the home’s energy consumption, but at the same time provide a return on the investment of more than 100%. This is not just an empty promise as every year sees an increase in home construction that includes the latest in environmentally friendly technology.
It is no secret that technology is helping every industry develop at supersonic speeds. With the continued threat that rapid urban development brings to the environment. it only makes sense to use new technology to create better construction methods that are less harmful to the environment and more affordable to the homeowner. Jump on the go green opportunities available today and commit to making a better tomorrow.
Be Both Ambitious and Realistic
As you might expect, some upgrades are going to cost more than others. Want to add solar panels on top of the roof? First you have to check with your HOA, if you have one. Then you need to check the financials of the project. The upfront cost will vary from one installer to the next, and the rebates and incentives that encourage you to change in the first place will also vary depending on your home state.
If installing solar panels on your roof is not in your budget, there are plenty of other options to choose from. Everything from changing your insulation to never buying bottled water can have an impact. Changing the number of days you water your lawn or the amount of time for each sprinkler. Try reducing the amount of time you spend in the shower by just a few minutes each day.
All of these savings can add up and help reduce your carbon footprint over time and not only do you not spend money, but you can save money when it comes to your utility bills.
Don’t Forget Tax Season
Using your home as a tax write-off is so obvious it’s a huge reason many people buy homes in the first place. The important thing to remember is that you aren’t the only one who has a vested interest in making your home eco-friendly. The IRS has entered the discussion and extends tax credits based on different upgrades made to the home for environmentally friendly purposes. And since employing a special tax attorney may not be in your budget, there are other feasible ways to examine your financial situation as it impacts your taxes, and whether or not there are any discrepancies that need to be taken care of.
Once you have your overall financial situation looking a little clearer, don’t just be content with the usual write-offs consisting of interest payments and the like; consider all of your options and make an upgrade that pays for itself. The point is, being proactive and taking the initiative to make your home more eco-friendly is not only affordable, it is also rewarding.
Financing of solid waste management projects can be pretty overwhelming for the city government, especially if the government see it as a critical part of the service they should render to the citizen and if the citizen also hold it as a basis for measuring the performance of the government and using it as one of the conditions for re-election.
The increasing cost of waste disposal is a cause of major concern in developing nations
Solid waste management entails different aspects. Generally speaking, waste management consists of pre-collection, collection, transportation, storage, treatment, and disposal. The modern hierarchy of waste management includes prevention, minimization, reuse, recycling, energy recovery, and disposal.
All these aspects require proper funding in rendering a good waste management service to the society. As citizens, we hardly give any thought to the different aspects and what it takes to ensure it is carried out efficiently and effectively.
Financing Options for Solid Waste Management
There are four different options for financing of solid waste management projects. The option chosen will be dependent on various factors. The chief factor will be “what is the end goal of providing waste management service to citizen” and this is to be determined by the city government. Therefore, we say finance option is directly related to waste management goal of a city or State.
This primarily involves funding of waste management service entirely by the government through budgetary allocation. The government determines how it will generate the cash for service and this can be through taxation or redistribution of funds generated from other sources like sales of city natural resources or combination of various sources of funds.
In developing countries, this is generally inefficient due to the corruption within the government and lack of proper waste management capabilities in most instances. The government might decide to charge a service fee or not.
This involves infusing funds from the private sector into waste management service and also overseeing day-to-day running of the service. However, the hired company will charge a service fee which will be determined by calculating the amount of invested funds, operating cost, and profit envisaged. This will be spread over a period of time.
This financing option can deliver optimal result in providing waste management service but the private sector needs to be checked in order not to set a high fee that will end up scaring citizens which might lead to citizen abhorring the service.
Public-Private Partnership (PPP)
This is a special type of arrangement which brings together the government and private sector in providing funds and management capabilities for the delivery of waste management service.
All things being equal, this arrangement is best because the government will be able to regulate and have a say in how the service should be delivered especially as it relates to the setting of service fees which might be difficult in the solely private financing option. The PPP can equally be extended to be a Joint Venture (usually termed as Institutional PPP).
Donors and Grants
This funding mechanism is dependent on the interest of the donor organization. While it is a good way to develop a city’s waste management infrastructure, attracting and utilizing grants is solely reliant on what the donor considers as important. Hence, it might be difficult for a city government to dictate how the funds should be distributed among the various aspect of waste management.
Waste management projects based on public-private partnership (PPP) model has more chances of success in developing countries
However, this type of financing can be combined with a PPP arrangement to cater for a specific waste management aspect that is in tandem with the interest of the donor and can be part of the city government contribution to the PPP.
In conclusion, waste management financing is quite dynamic just like many other services and infrastructure provided by a city government and the best option for financing the provision of waste management service can only be made after appropriate due diligence and consultation with relevant stakeholders has been made and observed.
Germany has been called “the world’s first major renewable energy economy” as the country is one of the world’s most prolific users of renewable energy for power, heating, and transport. Germany has rapidly expanded the use of clean energy which now contributes almost one-fourth to the national energy mix. Renewable energy contribute as much as one-fourth of the primary energy mix and the country has set a goal to producing 35 percent of electricity from renewable sources by 2020 and 100 percent by 2050.
Germany is the world’s biggest solar market and largest PV installer with a solar PV capacity of more than 32.3 GW in December 2012. The German new solar PV installations increased by about 7.6 GW in 2012, with a record 1.3 million PV systems installed across the country. Germany has nearly as much installed solar power generation capacity as the rest of the world combined and gets about 5 percent of its overall annual electricity needs from solar power alone.
Germany’s wind energy industry is one of the world’s largest, and it is at the forefront of technological development. Over half of all wind turbines in Germany are owned by local residents, farmers and local authorities which have tremendously improved the acceptance of wind turbines among local communities as they directly profit.
Being Europe’s primary wind energy market, Germany represents around 30 percent of total installed capacity in Europe and 12 percent of global installed capacity. Total wind energy capacity in Germany was 31.32 GW at the end of year 2012. Currently Germany is ranked third worldwide in installed total wind capacity with its share of total domestic electricity production forecasted to reach 25 percent by 2025.
Biomass energy is making a significant contribution to renewable energy supply in Germany and accounts for about 5.5 percent of the total electricity production in the country. Germany is the market leader in biogas technology and is also Europe’s biggest biogas producer. Last year around 7,600 systems with a cumulative capacity of 3,200 MW generated 21.9 billion kWh in the country, thus consolidating Germany’s status as a pioneer in clean energy technologies.
Renewable Energy Investment
Germany’s plan to phase out all 17 of its nuclear power plants and shift to renewable energy by 2022 is the largest infrastructure investment program in Europe since World War II. The country’s transition from nuclear energy-based power network to renewable energy systems will require investments of much as $55 billion by 2030.
Germany is the world’s third largest market for renewable energy investment which totalled $31billion in 2011. Sixty-five percent of investment in Germany was directed toward solar, with 29 percent ($8.5 billion) directed to wind. In addition, 700 MW of biomass capacity was added in 2011
The country offers generous feed-in-tariffs for investors across all renewable energy segments which is attracting huge private capital in cleantech investments. In 2010, the majority ($29 billion) of cleantech investment came from corporate investors across all sectors of the economy, including farmers, energy utilities, and industrial and commercial enterprises.
In the first six months of 2012, the amount of electricity produced from renewable resource rose from 20% to 25%, bringing Germany closer to its targets of 35% by 2020 and 80% by 2050. According to figures released by the government agency Germany Trade and Invest, 38% of the electricity produced by renewable energy during that period was through wind power, and almost 16% from solar.
In addition to a robust economy, Singapore’s sustainable environment is another leading factor that has attracted numerous investors. Most cities in the world have failed to address environmental issues brought about by urbanization. Towns or urban areas cover over 2% of the Earth’s surface; they are responsible for about 80% of the greenhouse gases emitted while using up almost 75% of nature’s resources.
However, a host of countries in Southeast Asia are leading the way to change this contrary notion about cities and urban regions. Research conducted by several world-leading environmental bodies and institutions determined that Singapore is indeed one of the most environmentally sustainable nations.
Singapore’s first prime minister kickstarted the dream of making Singapore a green city. His main agenda was to make Singapore stand out from the rest of the Asian countries and also attract investors from all over the world. The first step undertaken to achieve this dream was the eradication of the houseboats and overcrowded slums along the banks of Singapore River.
Incorporation services Singapore are offering entrepreneurs moving to Singapore a platform to incorporate their businesses in Singapore. This allows them to run their firms within the stipulated terms while also receive the government’s backing.
On the world’s Environmental Performance Ranking, Yale University and the U.N place Singapore at seventeenth globally and first position in Asia. Contrary to popular belief, Singapore’s efforts and strict green technology guidelines, which were set and backed up by the government, helped in making it an eco-friendly city.
So how exactly does Singapore afford to provide suitable surroundings perfect for its citizens and also attract investors and entrepreneurs from overseas?
As discussed before, adoption of green technology is one of the leading things that has made Singapore an eco-friendly city. Singapore has been able to morph into a modernized city-state without having a negative impact on nature.
The Singapore government’s Cleantech division, which is a subsidiary of the board tasked with economic growth, has offered continued support to companies in the clean technology business. This has led to the business sector growing tremendously in areas such as renewable energy, water conservation, green buildings, etc.
Growing ICT Center
Companies such as Hewlett Packard (HP) and International Business Machines Corporation have partnered with the Ministry of Environment and Water Resources. The main idea behind these partnerships is to ensure that Singapore’s ICT industry thrives. HP, for example, has been tasked with designing and manufacturing energy efficient systems that will cut power costs while still providing a working platform for businesses.
There is no shortage of green spaces in Singapore
Low Energy Costs and Environmental Remedies
Accommodating over 7000 companies from different nations across the globe is no mean feat. As such, Singapore’s government and other agencies know that a green environment is not the only requirement to attract more investors.
Through an alliance known as the Singapore Sustainability Alliance, an umbrella consisting of government groups, non-governmental organizations, and teaching institutions, Singapore has been able to come up with policies that create a sustainable environment. Other than this, the alliance has overseen the adoption of systems that include proper water use, renewable energy, energy efficiency, waste management, etc. which have significantly improved business growth.
Many of us are now making more eco-friendly and environmentally conscious decisions every day. Whether it’s taking our own carrier bags to the shops, having a reusable water bottle or recycling your tin cans – little changes are making a big impact. When it comes to property, the eco revolution has increasingly been making waves. From solar panels to energy efficient lightbulbs, our properties are becoming better for the planet. These priorities are also affecting property investment, with an increasing number of tenants looking for eco-friendly essentials in their property.
Eco-friendly homes are becoming increasingly popular with a new environmentally conscious generation starting to look for rental properties. Young professionals who are living in the city are less likely to buy a home than ever before, so are looking for a rental property that meets their exacting requirements. With many of them choosing to make environmentally friendly choices, like going plastic free or cutting down on how much meat they eat, accordingly they are looking for eco-friendly homes too.
Environmental impact is increasingly on the agenda of consumers in every aspect of their lives. Many are also willing to pay a premium for eco-friendly purchases. Research has shown that UK consumers would pay an average 10% more if they were buying something they thought had a positive impact on society. Property investors would be wise to bear this in mind when looking for new property investments. In an increasingly competitive rental market, the ability to raise prices because of eco credentials is a lucrative option for investors.
Furthermore, 40% of consumers think that sustainability is important when they are making a purchase. The impact of this can be seen in the growing number of brands and businesses that are making their environmental commitments obvious to consumers. It is clear that savvy property investors can be both environmentally friendly and business smart when looking to purchase new properties.
In another study, 80% of tenants believed that their landlords should be considering the environment more, and suggested measures like double-glazing, insulation and eco-modifications. These simple measures can make a large impact on the appeal of a property to prospective tenants. Increasing energy prices are another concern for occupants. In addition, 55% of renters asked said they would prefer a rental property with a smart meter if it was the same price. Energy efficient measures are both good for tenant’s monthly costs and for the environment so buy to let property investors can be at an advantage if their property offers these.
As of April 2018, buy to let landlords are legally required to have an EPC rating of E or above in their properties. This means that property investors are increasingly looking at new build properties which are already energy efficient and don’t require costly renovations. Tenants can also legally request that a landlord makes property improvements if the EPC rating is F or G.
Developers are increasingly taking sustainability and environmental impact into consideration when building new properties. Properties with energy efficient specifications, like many by RW Invest are providing investors with lucrative returns and high tenant demand. Recent changes to regulation mean that new build properties need to be energy efficient and this is making a huge impact on the buy to let market.
Climate change and environmental damage due to human activity is now an accepted fact. Thankfully, investors and financial organizations are finally recognizing the importance of changing our ways and investing in sustainable technologies. This type of green financing is allowing them to recognize the environmental and financial benefits of these new technologies.
Today we’ll cover how green financing can be used to encourage sustainable development on the company and individual scale.
What is Green Financing?
Green financing at its most basic is the use of public money, private loans, and micro-lending to support sustainability. The goal of green financing is to encourage change in favor of environmentally friendly actions.
It can be everything from large scale investment into tools to fight climate change all the way down to small personal online loans next day for consumers. This allows everyone to do their part to help promote sustainability.
Most green loans are tied to specific metrics. They can cover everything from large companies to the type of washing machine you purchase.
These VC firms search for early-stage startups with a focus on the environment. They combine their financial goals together with their vision of what the planet should be.
By far the largest subset of their focus is on reducing our dependence on fossil fuels and fighting emissions. On the individual scale there’s lots of focus on lowering your carbon footprint.
Lots of loans are specifically put in place for people to buy green friendly products.
What Qualifies as Sustainable Projects
There are tons of early to middle stage startups with a sustainability focus. These are all key examples of large scale green financing.
Many of the projects are receiving the most funding focus on clean power and the use of renewables. Think electric vehicles, charging stations, battery enhancements, solar and wind energy, etc.
Another major sector is advancements in water purification, desalination, and ocean cleanup. These also include interesting projects like advanced agriculture and reducing the overall reliance on irrigation.
For individuals most green financing is related to their home or vehicle. There are lots of online loans same day available for things like energy efficient appliances or vehicles. These often combine with tax credits as a way to encourage people to reduce their overall energy consumption habits.
One of the biggest uses of green financing by individuals is to buy an electric or hybrid car. This reduces the often high price of these advanced vehicles and makes it more attractive to drive one.
Another big one is to finance green renovations to your home. If you want to improve your home’s insulation or add on a solar power system there’s ample funding available. These often combine with tax breaks and utility buyback programs to make it an even more attractive option.
Turnaround Time for Financing Decisions
With venture capital the around time for high-quality opportunities is often very rapid. If you have a great model for your business and can show a clear return potential they’ll often respond within just a few days.
For green financing other factors come into play. Most green venture capital funds have very specific requirements on what they’re looking for. Do your research before contacting them and make sure you represent what they’re looking for.
How much you should reasonably expect to receive depends on how far along in the process you are. Seed stage companies generally receive less than $1 million. Series A and Series B can receive more but still much less than more mature companies with proven revenue and a customer base.
For personal green loans the turnaround is often much faster. Many companies offer instant or at least same day approval for well qualified borrowers. This gives you the freedom to begin making your plans immediately after receiving funds.
Make Changes Today
The clock is running down on our ability to head off the effects of climate change. Green financing is one of the best ways to make changes in the world and your life. It funds the technology that may save humanity and allows individuals to make changes to their home and car to reduce their own carbon footprint.
It takes a high level of data analysis to predict the effects of climate change and the implications of our actions to stop and adapt to it. Often, scientists have terabytes of data, but not the computing power to make sense of climate issues like hurricanes. But this level of analysis is possible with artificial intelligence (AI). In fact, AI may be the best weapon we have to combat and adapt to the effects of climate change. That’s because it can analyze large chunks of data from past events and make accurate predictions about future ones.
Today, AI is helping to monitor and predict everything from glacier retreat to commercial waste management. As innovations in “deep learning” march on, AI’s prescience will help inform scientists about climate impacts and policymakers on the most prudent steps for adaptation. Here are some critical ways AI is helping to preserve our planet.
Smarter Home Energy Use
AI is helping save the planet by assisting homeowners through energy-efficient smart homes. The Internet of Things and today’s “smart devices” let homeowners control their energy use and lower their monthly bills. Smart thermostats can adjust temperature settings for specific rooms in a house. Smart water sprinklers can change water usage based on weather forecasts. And smart security systems can cut down on false alarms calls — so fewer gas-guzzling trips by first responders. The automation, connection, and prediction power built into these smart devices allow homeowners to lower their carbon footprint.
But smart energy use is not just about conservation — it’s also about the best time to use energy. Peak energy hours like evenings are higher-demand, higher-cost times. Smart devices can automate energy use for low-demand hours. Plus, off-peak times like mid-day are when alternative energy sources like solar and wind contribute the most. Therefore, smart technology promotes renewable energy.
Soil degradation is a problem often overlooked in the media. But it has serious consequences for humanity’s ability to adapt to and survive climate change. It takes a millennium to generate only three centimeters of topsoil, and soil degradation is happening at a much faster rate. Chemicals, deforestation, erosion, and global warming are major contributors to soil degradation. And if the current rate of degradation continues, the planet’s farmable land could disappear within 60 years, according to United Nations officials.
But farmers and scientists are using AI to help conserve the soil by marshaling complex algorithms along with robots and drones to detect erosion and monitor soil health. For example, one company has developed an agricultural app to help farmers identify nutrient deficiencies within their soil. And farmers are using machine learning to predict the best times to plant, irrigate, and harvest crops based on weather changes. Accurate predictions mean less need for pesticides and fertilizers, which degrade the soil.
Exploring and Protecting Oceans
Scientists watch and test the health of oceans because they’re the best indicators of Earth’s health. Microplastics, increased CO2 levels, and ocean acidification are changing the surface of the planet. The key to protecting oceans is exploring and monitoring them for changes. Climate scientists and oceanographers are using AI technology to drive autonomous marine vehicles to the deepest depths. And some companies are developing autonomous garbage collection systems that would help remove plastics and floating debris.
Another emerging technology — blockchain — is helping to track fishing and identify illegal behavior. Blockchain is the same technology that powers cryptocurrencies like Bitcoin. The technology acts as a transparent ledger for transactions. Blockchain is a decentralized system, which means it operates autonomously and isn’t subject to misuse and abuse. Trust is critical to international treaties that regulate fishing quotas and manage overfishing. Blockchain technology can record each fish (e.g., tuna) with a scannable code uploaded to the ledger. Therefore, retailers, customers, and regulators can confirm that fish are legally caught.
Air Pollution Detection
AI is becoming an invaluable tool for tracking our air quality and identifying sources of pollution. During accidental emissions, city air quality officials need to identify and respond quickly. Some European cities are using leak sensors and AI to help create emission maps, predict mortality rates, and estimate financial costs of emergency responses. These data points give decision makers a more accurate view of the air pollution along with more targeted remediation.
In addition to monitoring air pollution, AI is also cutting tailpipe emissions. AI manages self-driving cars to make getting from point A-to-B more efficient. Self-driving automobiles can cut oil consumption and greenhouse gas emissions by 2% to 4% annually. AI and global positioning systems operating driverless tractor-trailer rigs will make deliveries non-stop, faster, and less costly to the planet. Complex algorithms, sensors, and traffic lights are directing traffic flow in some cities. These systems are currently reducing travel time by 25%, braking by 30%, and idling time by 40%.
Evaluating the Efficacy of Action
AI is bringing powerful ways to monitor and predict threats to our environment. Synthetic thinking adds value for scientists, officials, and policymakers by giving them deeper looks into current environmental situations. Perhaps, more than anything, AI’s biggest potential lies in figuring out where solutions hit the mark and where they miss. It’s counterproductive to invest resources and time into bad solutions. But that’s highly likely, given the complexity of climate change and adaptation.
Where do we invest? Which coastline needs saving the most? What communities are at a higher risk? With dwindling resources and bigger dangers, we will face some hard decisions in the future about where to deploy our efforts. At some point, those decisions will mean life or death. We will need quick thinking and accurate data. Evaluating our options and predicting their implications is where AI will bring the most value.
Currently, more than 600 million people living in Sub-Saharan Africa, out of a total population of 900 million, do not have access to electricity. Even those with some kind of electrical connection suffer from unreliable supply, lack of sufficient power on the grid, high energy prices, or a combination of these, meaning they lack full access to power.
However, the solution is in sight, and it is green. It could be that the majority of the “dark continent” will skip fossil fuel- based energy entirely, and skip straight to renewable energy solutions, from those living in refugee camps, to the cities. The renewable energy industry in Africa represents great opportunities for many, not only the local populations who will benefit from a stable electricity supply, but also local workers and international consultants whose expertise are greatly needed. Not to mention of course the benefits for the environment.
If you are a foreign consultant looking to work in the renewable energy industry in Africa, here is what you should know.
Opportunities in Renewable Energy Industry in Africa
The renewable energy industry is booming in many African countries, most notably Nigeria. Here, it is hoped that biomass will help to bridge the gap between the current electricity capacity of 12,522MW and demand of 98,000MW. This dramatic shortfall, despite Nigeria being an OPEC nation and the world’s 13th largest producer of oil, certainly shows the need for renewable energy solutions. Currently, only 1% of Nigeria’s electricity is powered by renewable energy with a small percentage of this being biomass. However, the country’s rich resources in biomass fuels such as agricultural residues and municipal solid waste means that biomass could represent the solution to the country’s energy crisis.
Across the continent, many countries are already implementing small-scale solar, wind and geothermal technology, particularly to provide energy to remote and under-serviced populations. The World Bank is committed to promoting sustainable energy solutions in developing nations, particularly in Africa. From 2014 to 2018, the World Bank funded $11.5 billion worth of renewable energy projects in developing countries. This continues to be a funding priority for the developing world’s largest financier.
Funding from the World Bank and others has led to a variety of renewable energy projects across Africa, which is only set to increase in future years. These projects have an intense need for foreign consultants, due to the demand for expertise outstripping local availability in many cases.
Guide For Working in African Renewable Energy Industry
Working in the renewable sector in Africa offers the opportunity not only to be part of an exciting, booming industry, but also one which has the potential to make a difference to the lives of millions of people. Working in the sector, and in Africa in general, does come with its own unique challenges, however, so it is important to be prepared.
1. Research Local Laws and Regulations
Firstly, it is important to be prepared that working in a new country will mean that many things will be unfamiliar. One of the key differences will be when it comes to laws and regulations. The company or organisation you are working with should be able to advise you on these matters, but it is also a good idea to do your own research ahead of time to get an idea of local regulations, and how these will impact on your work.
2. Be Open to Local Customs
A big part of working in another country is adjusting to the local customs. Understanding local culture and traditions will not only help you feel more comfortable, but it will also make you more effective in your work. After you arrive in the field, make it one of your key priorities to absorb as much as you can of the local culture.
Additionally, you should be prepared that infrastructure and logistics may be very different from what you are accustomed to: this can impact on everything from internet connection and availability of supplies to transit times.
3. Make Sure Your Training is Upto Date
Availability of training while on site may be limited, so it is important to make sure your qualifications are up to date and that you have skilled up with all relevant training before you leave home. Consult with a UK-based company such as We Do Training to see what courses are on offer, and what may be helpful for you while in the field.
Global interest in clean energy technologies reached new heights last year and 2016 promises to be another record-breaker. The year 2015 witnessed installation of more than 121 GW of renewable power plants, a remarkable increase of 30% when compared to 2014. With oil and gas prices tumbling out to unprecedented levels, 2016 should be a landmark year for all clean energy technologies. As per industry trends, solar power is expected to be the fastest-growing renewable power generation technology in 2016, closely followed by wind energy. Among investment hotspots, Asia, Africa and the Middle East will be closely watched this year.
Investment Forecast for 2016
Clean energy is rapidly becoming a part of mainstream investment portfolios all over the world. In 2016, a greater attention will be focused on renewable energy, mainly on account of the Paris Framework and attractive tax credits for clean energy investments in several countries, especially USA.
Infact, the increasing viability of clean energy is emerging as a game-changer for large-scale investors. The falling prices of renewable power (almost 10% per year for solar), coupled with slump in crude oil prices, is pulling global investors away from fossil fuel industry. At the 2016 UN Investor Summit on Climate Risk, former US vice president Al Gore said, “If this curve continues, then its price is going to fall “significantly below the price of electricity from burning any kind of fossil fuel in a few short years”.
There has been an astonishing growth in renewable generation in recent years. “A dozen years ago, the best predictors in the world told us that the solar energy market would grow by 2010 at the incredible rate of 1 GW per year,” said Gore. “By the time 2010 came around, they exceeded that by 17 times over. Last year, it was exceeded by 58 times over. This year, it’s on track to be exceeded by 68 times over. That’s an exponential curve.”
China will continue to dominate solar as well as wind energy sectors
As per industry forecasts, China will continue its dominance of world PV market, followed closely by the US and Japan. Infact, USA is anticipated to overtake Japan as the second largest solar market this year. India, which is developing a highly ambitious solar program, will be a dark horse for cleantech investors. The top solar companies to watch include First Solar, Suntech, Canadian Solar, Trina Solar, Yingli Solar, Sharp Solar and Jinko Solar.
Morocco has swiftly become a role model for the entire MENA. The government’s target of 2GW of solar and 2GW of wind power by 2020 is progressing smoothly. As for solar, the 160MW Noor-1 CSP is already commissioned while Noor-2 and Noor-3 are expected to add a combined 350MW in 2017.
China will continue to lead the global wind energy market in 2016, and is on course to achieve its target of 200 GW of installed wind capacity by 2020. Other countries of interest in the wind sector will be Canada, Mexico, Brazil and South Africa. The major wind turbine manufacturers to watch are Siemens, Vestas, Goldwind, Gamesa and GE.
To sum up, the rapid growth of global renewable energy sector in the past few years is the strongest signal yet for investors and corporations to take the plunge towards green energy and low-carbon growth. As the UN chief Ban Ki-moon famously said, “It marks the beginning of the end of growth built solely on fossil fuel consumption. The once unthinkable has now become unstoppable.”
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