Sometimes it feels like news moves at the speed of light! EnergySage is here to keep you in the loop with our roundup of solar energy news for the week of November 30th, 2015.
Dubai to Instate Mandatory Rooftop Solar by 2030
Last week, the Emir of Dubai announced a new policy for mandatory solar installation as a part of a major clean energy strategy, committing the city to the following renewable energy timeline:
- Generate 7% of city’s energy from renewable sources by 2020
- Generate 25% by 2030
- Generate 75% by 2050
This timeline is reliant on the completion of all four phases of the Al Maktoum Solar Park – a major solar power plant already under development in Dubai. Once completed, the park will be one of the world’s largest solar plants and operate at an estimated 5000 MW of capacity. As the largest city in the United Arab Emirates, Dubai’s announcement is critical in paving the way for renewables in a heavily fossil fuel reliant Middle East.
Solar CEO Advocates for the End of the ITC
One leader in the solar industry raised eyebrows this week after supporting something that most industry stakeholders are trying to prevent: the end of the federal ITC. In a letter sent to U.S. lawmakers, Sunnova CEO John Berger expressed that the federal Investment Tax Credit has served its purpose and should expire at the end of 2016 as planned. The ITC is a 30% tax credit for residential solar systems and is widely regarded as one of the most important federal policies in driving solar adoption.
Middle Class Leads Solar Adoption, Says California Report
A new report on California’s rooftop solar market showed a surprising trend: middle class buyers are adopting solar at faster rates than wealthier populations. For example, in Fresno County, the lowest income group showed a higher deployment of solar than in the two highest income groups. Considering the study only included net-metered households in the California market, these findings support another common trend in the solar industry: low-to-middle income households benefit the most from net-metering policies, as their electricity bill reductions can make an outsized difference in monthly expenditures.
Walmart Remains Corporate Leader in Solar
SEIA’s annual solar business report was released this past week and we’ve highlighted the top 3 solar savvy discoveries:
- Walmart was named the leader in solar among corporations once again with 142 MW of installed PV capacity among 348 completed installations.
- The total installed solar by U.S. corporations is enough to offset 890,000 metric tons of CO2 each year.
- Solar corporations showed a 59% increase in PV installations in 2015 compared to last year’s report. Great work!
Your Weekend Solar Reading
- The Paris Climate Conference (COP21) began last week, with 200 nations coming together to begin a long and complicated discussion about how to best respond to the growing threats of global climate change. One interesting statistic that is being cited by numerous countries: the world’s richest 10% produce roughly 50% of the world’s carbon emissions. And in an almost perfect numerical parallel, the world’s poorest 50% produce just 10% of the world’s carbon emissions. India’s Prime Minister Modi has cited this imbalance, stating that his country should not have to stifle its growing economy in order to fix a problem caused by others. As the talks continue, a predominant question will be how to determine levels of responsibility and which nations should face the largest emissions cuts.