Demand for renewable energy is growing worldwide; particularly Solar Photovoltaic Energy.
This demand is driven by a combination of factors, including:
- Technological improvements that have increased efficiency and reduced costs in
- Solar Photovoltaic power generation,
- State legislations designed to both encourage the use of renewable energy technologies and require the use of energy from renewable sources,
- A growing desire among policy-makers to increase electricity reliability through diversified supply sources and in-state generation, and
- An increasing environmental consciousness of the general public.
- As a result, Independent Power Producers have ventured into this area of renewable energy technology—primarily solar photovoltaic.
- Installations financed by corporations are keen to reduce their carbon emissions and burnish their “green” reputation. A handful of municipalities throughout the world have moved forward with “behind the meter” renewable projects as well. Private developers are currently pursuing utility-scale renewable projects worldwide, again, primarily using Solar Photovoltaic Technologies.
- Municipalities can welcome this type of project as a relatively benign industrial use with potential net fiscal benefits as well as added marketing value of serving as a host to a renewable energy facility.