It is estimated that by 2040 the global population will increase by 1.6 billion people, pushing the demand for energy up by 37%. The growing need for supply will put pressure on the existing energy infrastructure and raise concerns about securing alternative sources of energy to increase the power generation system’s reliability. To that end, SkyPower intends to seize the opportunity and push for solar and other renewables to play a critical role in ensuring the supply of electricity.
A reliable, fully diversified energy mix provides the only possible solution in the event of severe supply disruptions while reducing dependency on foreign sources of energy. In the coming 20 years, the share of the non-renewable sources of energy will decline steadily while the contribution of solar and other renewables is poised to experience an almost three-fold increase, leading the growth of all energy sources. By the mid-2030s, renewables will have a combined total output equal to burning 1.400 tons of crude oil – some 15.360 MW/h. Since 2003, SkyPower has been helping governments worldwide develop a more resilient energy mix.
According to the Organisation for Economic Co-operation and Development (OECD), more than 1.3 billion people, nearly one-fifth of the world population, lack access to electricity. In some cases, this shortage of energy has pushed many to seek inefficient and hazardous alternatives (like in-house waste reclamation for cooking). While 82% of the world’s households and businesses have access to energy, 35% of the rural population (a figure that goes up to almost 75% in Sub-Saharan Africa), are excluded from the traditional energy distribution systems. Thanks to its versatility, solar power is helping to close the gap that prevents many communities from succeeding, an endeavor in which SkyPower has considerable experience.
The planet is the real legacy that future generations will inherit. If nothing is done to reverse the current situation, we could miss our chance to limit the concentration of greenhouse gases in the atmosphere to approximately 450 parts per million of CO2 – a level that would cap rising global temperatures at 2ºC. Solar power generation, as the cleanest and most abundant renewable source, is one of the best-proven options available to reduce our impact on the climate. We believe that ours is a remarkable contribution to ensure the planet is a better place for future generations.
The costs associated with electricity generation, transmission and distribution are a serious concern for developers who seek the best match between production and expenses. Recent innovations, both incremental (in terms of improvements in the efficiency of existing PV technologies) and radical (discoveries of new techniques and applications to generation) are driving down the costs of solar energy – coupled with the free-of-charge source that the sun provides. We deploy state-of-the-art technologies with all our projects, opening the doors for a more affordable, sustainable power generation system.
One of the most pressing problems for businesses all over the world is the lack of a reliable, fully functioning system of energy supply. The World Bank measures the differences in generating electricity as a means to assess the business climate in various countries. The expansion of renewables offers governments a solution to improve the range and reliability of supply, making strong gains in competitiveness for their local industries. Our experience has proven that working alongside the communities and stakeholders, we can deliver the best results for them and the future of their nations.
As demand for energy grows, the global investment community is looking for new opportunities for capital growth on the development of the new generation. As a result, greenfield investments in clean energies have surged. In fact, in 2016, investments in renewable energy (excluding large hydro) reached $241.6 billion and new installed capacity hit a record high of 138.5GW. To support the trend, governments all around the world are striving to provide a safe and secure legal framework that lays the ground for renewables to flourish – yet, more is still needed to make the best of clean energy’s full potential. A trusted and sought after industry advisor, SkyPower continues to be instrumental in the success of comprehensive clean energy legislation.
Responsible and forward-thinking governments around the world are increasingly harnessing the power of the sun and embracing solar power investments and projects. SkyPower supports governments in their initiatives to promote energy independence and security, and to meet energy objectives for a greener future.
Our ground-breaking solar energy projects help build stronger economies and a cleaner environment by adding renewables to the energy mix. We also make valuable contributions to education, skills training, R&D, innovation and job creation in the communities in which we work.
“The cost of electricity from solar photovoltaic (PV) cells is equal to or less than the cost of electricity from other sources powering electric grids in at least 79 countries.”