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Author Topic: The Big Picture of Renewable Energy Growth  (Read 14139 times)

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Re: The Big Picture of Renewable Energy Growth
« Reply #300 on: May 09, 2018, 07:03:51 pm »

Global renewable jobs reach record high, wind farms are boosting local taxes, India installed more renewables than coal and more.

May 9, 2018: U.S. solar and wind companies are increasingly supporting Republican candidates, and vice versa. Global renewable energy jobs hit an all-time high of 10.3 million last year. Wind farms are boosting local tax bases across the U.S., in some areas by as much as 30 percent. Universities that have long offered fossil-fuel related degrees are now offering diplomas in solar and wind amid growing demand. India installed more renewable energy capacity than coal last year for the first time.

Renewable energy has become a pillar of low-carbon economic growth for governments all over the world...” said Adnan Z. Amin, director-general of the International Renewable Energy Agency, on the growth of renewable energy jobs as detailed in their latest report.

In a first, India installed more renewable energy capacity than coal last year. The country added almost 11,800 megawatts of renewables, more than double the amount of other fuels. The largest additions came from ground-mounted solar and wind, although these have not met national targets. While accounting for a smaller amount overall, rooftop solar, biomass, small hydro and waste-to-energy have surpassed target capacity additions. The government is aiming for 175,000 megawatts of added renewable power by 2022. (Quartz)

Wind farms are giving a boost to local tax bases in the U.S., generating new revenue for needed capital expenditures. Almost half of total installed wind capacity is located in Texas, Iowa, Oklahoma and California. In one county in Iowa, the tax base grew nearly 30 percent due to new wind projects. Tech companies such as Apple and Facebook invested almost $10 billion in data centers in the state due to the abundance of wind power. Government incentives, clean energy requirements and strength of wind power all play a role in where wind gets built. (Reuters)

An increasing number of U.S. universities that offer fossil-fuels related degrees are now offering diplomas in wind and solar technology. Although the starting salary for clean energy jobs may not be as high as those in oil and gas, many students are opting for the renewable energy jobs because of the opportunities the growing field offers. While need for workers in the oil and gas industry decreases with automation, the renewable energy industry needs skilled workers now, and educators expect that these programs will increase in size as renewables become increasingly competitive with fossil fuels. (Wall Street Journal $)

Domestic solar and wind energy companies have donated more money to Republicans than to Democrats in congressional races for the current election cycle. These industries are becoming more mainstream and receiving increasing Republican support as their economic benefits are realized. Solar and wind employ about 300,000 people across the country, almost six times more than coal mining. Polling shows that support for clean energy is widespread among voters. (Reuters)

Global renewable energy employment hit an all-time high of 10.3 million last year, according to a new report by IRENA. The total represents a 5.3 percent increase over 2016, with over 500,000 new jobs created. The solar industry accounted for the highest number overall, largely driven by China. Altogether, China, Brazil, the U.S., India, Germany and Japan accounted for 70 percent of the world’s renewable energy jobs. (CNBC)

An increasing number of Americans say their next car will be electric, according to AAA. Twenty percent of Americans now see themselves purchasing an EV when the time comes, a five percent increase from 2017. This is partially attributable to less concern about running out of battery power while driving, a fear that AAA finds to be largely unfounded. Lower maintenance costs for electric vehicles and increasing gas prices have also fueled this upward trend. While the vehicles still have higher upfront prices, credits can help offset the cost and the EV market is growing every year. (USA Today)

The dissolution of Suniva continues as the company received approval to auction off its parts. Equipment controlled by both SQN Capital Management and Suniva Wanxiang America Corp. will be sold, although there doesn’t appear to be eager buyers for the equipment.. Suniva was one of two solar companies to petition the Trump administration to place a tariff on imported solar products, but the tariffs did not help revive the company. (Greentech Media)

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23


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