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Chile Shines in Strong Latin America Solar Growth
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our energy portfolio is primarily hydroelectric and totals over 10,000 megawatts of installed capacity
Article | March 3, 2020
If you’ve been considering adding solar energy to your home, 2020 is the perfect time to do so. Last year, solar owners were able to receive maximum benefits from the federal solar investment tax credit (ITC), which gives homeowners an opportunity to receive a tax credit towards income taxes after their solar system is fully installed and operating. While 2019 was the last year to get the full 30% federal solar tax credit, there are still many great reasons to add solar to your home in 2020.
According to DNV GL’s 2019 Energy Transition Outlook, the combination of storage for the grid and storage available in vehicle-to-grid systems will exceed 40 TWh in 2050 worldwide. Storage and in particular battery solutions will help propel the transition to a decarbonized, electrified energy future. The energy storage market presents a tremendous opportunity for project developers and lenders worldwide. The drivers are clear and global: the rapid electrification of the transport, buildings and manufacturing sectors, the need for smooth integration of variable renewables, whether for a wind farm or industrial solar systems, and financial flexibility for both providers and customers.
Energy plays an important role in our daily lives. Shifting to renewable sources of energy to support climate change offset is an outstanding solution that must be persistently followed, to meet the future generations’ energy needs. The world will never stop consuming renewable energy. As each nation grows and develops as a community, its needs for power increases. It’s a natural process. But that doesn’t alter the fact that our world is impacted by it. More resources on the planet are being used and converted into fuel. Reliable energy supply is essential in industries such as heating, illumination, industrial equipment, transport, etc.
The quest for the next source of renewable energy is well underway, with no natural phenomenon overlooked. We have already harnessed the power of flowing water, wind, and sunlight, and the search for the next clean source of energy is far from over. The latest potential breakthrough in renewable energy comes in the form of rain. The rain has not been getting a lot of attention in renewable energy circles perhaps because it would be challenging to harness its electricity-producing potential. Yet attempts are being made, and in the latest breakthrough, U.S. and Hong Kong researchers have managed to produce 140 volts of power from one single raindrop. That’s enough to light 100 LED lights for a short while.
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