By Tina Casey, TriplePundit
All in all, the opportunities for rapid decarbonization are falling into place. The only missing piece is political will, and that is an area in which corporate leaders can exercise a powerful influence, if they choose.
The Joe Biden administration made waves earlier this week when it indicated that solar energy could cover 40 percent of the nation’s electric power grid by 2035. It is easy to meet news like that with disbelief, considering the minuscule toehold currently enjoyed by solar energy. However, a significant new factor is now in play.
The catastrophic impacts of climate change hit the U.S. with full force this year, providing corporate leaders with a powerful incentive to lobby for a swift, aggressive transition to clean power. Settling for incremental change is not an option when floods, fires, habitat destruction, and water scarcity destroy communities and disrupt business. Read more here.
Biden’s proposed tenfold increase in solar power would remake the US electricity system, by Joshua D. Rhodes, Research Associate, University of Texas at Austin. Published by The Conversation.
Additional Recommended Reading
- House panel offers details on solar benefits in $3.5t budget bill, PV Magazine
If passed later this year, the bill as currently drafted would extend the full ITC for 10 years before phasing it down between 2032 and 2033.
- Solar farms: A closer look at utility scale solar, Spectrum News
- Over Next Five Years, Why Revenues for Solar Farm Developers Industry Are Expected To Steadily Rise, Financial News Media, PR Newswire
- Minnesota’s Iron Range may soon be home to one of the largest solar panel manufacturing facilities in the country, Energy News Network
Solar panel manufacturer Heliene, which currently employs about 75 people at its Mountain Iron facility, is planning a $21 million expansion, with state and local governments are chipping in millions for the project.
- How long do rooftop residential solar panels last?, PV Magazine
Multiple factors affect the productive lifespan of a residential solar panel. In the first part of this series, we look at the solar panels themselves.