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Visolaris is a UK based Renewable Energy company, specialising in the supply & installation of land-based Wind Turbines & commercial Solar PV Panels.
Article | April 1, 2020
The capital markets are well aware of the stress and strife that coronavirus is putting on oil prices as the commodity continues to test new lows. One byproduct of the pandemic, however, that might not be getting enough coverage is the cloudy doom and gloom that the virus is bringing to the solar energy space. Solar energy businesses are also feeling the pinch, but not getting the support they desire from the federal government. “As Congress continues to address the ongoing COVID-19 crisis, we appreciate that they are prioritizing relief for families and small businesses,” said President and CEO of the Solar Energy Industries Association Abigail Ross Hopper. “There are several elements in this legislation that can help solar businesses and solar workers, including long-term unemployment insurance, business loans and provisions that support employee retention and other employee protections. We will be working to help our members understand what resources are available to them as a result of this legislation and how they can use those resources to help get through this difficult time.”
Across our country, there is an increased focus on renewable energy sources to combat the extreme impacts of climate change, and address the problems caused by a growing demand for power from an aging grid. While significant progress has been made through federal and state incentive programs that have helped drive down the costs of deployment, there is still so much to be done to chart a path toward a clean energy future. Accelerating development of solar and wind projects is a key to achieving renewables goals, but this is not enough. Storage solutions must be integrated to ensure renewable projects can deliver power when and where individuals and businesses need it, and minimize, or even eliminate, reliance on fossil fuels.
Virtually all the world’s demand for electricity to run transport and to heat and cool homes and offices, as well as to provide the power demanded by industry, could be met by renewable energy by mid-century. This is the consensus of 47 peer-reviewed research papers from 13 independent groups with a total of 91 authors that have been brought together by Stanford University in California. Some of the papers take a broad sweep across the world, adding together the potential for each technology to see if individual countries or whole regions could survive on renewables.
Renewable energy is suddenly taking a very important role in the energy industry; especially solar and wind. In light of this, major players in the oil and gas industry have begun to position themselves for this forecasted energy transition. Major investments by the oil majors into renewable energy has called for the question of whether this is an indication that they are gradually transitioning into energy companies. Also, upon closer study of this trend, it is easy to classify the major players into leaders in renewable energy investment and slackers.
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