The previous year closed with good news on the renewable energy development front.
For starters, the world’s billionaires have announced in December their $1 billion clean energy technology fund known as the Breakthrough Energy Ventures.
To recall, the world’s richest came together in 2015 to form the Breakthrough Coalition with the intention of helping the world find a solution to the worsening problem of climate change. Bill Gates, Jeff Bezos of Amazon, Facebook’s Mark Zuckerberg, and Alibaba’s Jack Ma are just some of the members of this organization.
A year after the formation of the coalition, these prominent businessmen put their money where their mouth are and pooled the one billion fund to finance research on clean energy. In an interview, Gates was quoted as saying “We need affordable and reliable energy that doesn’t emit greenhouse gas to power the future and to get it, we need a different model for investing in good ideas and moving them from the lab to the market.”
Aside from the venture fund, another good news greeted those who are hoping for a greener future. Before the year ended, internet giant firm, Google announced that its global operations, which includes data centers and offices would be 100% powered by renewable sources beginning 2017.
This is no easy feat given Google’s size. Having their offices which houses some 60,000 employees running on renewable energy is truly impressive.
Google, being the biggest corporation buyer of RE has done well in keeping its commitment to using clean energy as it announced in 2012. To date, it has a commitment to procure 2.6 gigawatts of wind and solar energy. For Google, choosing renewable sources to fuel their operation is a solid business strategy. According to its EU energy lead, Marc Oman. “We are convinced this is good for business, this is not about greenwashing. This is about locking in prices for us in the long term. Increasingly, renewable energy is the lowest cost option.”
Now there’s more reason to believe a cleaner environment, and achieving the goal of limiting global warming to 2 degrees are within reach. It is encouraging that prices of solar and wind are at the same price or even lower than coal energy in more than 30 countries as reported by the World Economic Forum.
Both energy types, in fact, are making headlines. Solar power in the US reached a record-breaking year with 9.5 gw of photovoltaic capacity added to the US grid in 2016. This makes it the top fuel source of the country for the entire year, a first in US history based on the estimates of US Energy Administration. The Solar Energy Industry Association noted that the US added 125 solar panels per minute last year, twice the pace in 2015.
And even wind energy is making waves. In Netherlands, all electric trains are now powered by wind energy as of January this year. According to the Dutch national railway company, NS some 600,000 passengers daily are being transported using wind energy. Ton Boon, the NS spokesman stressed that the increase in the number of wind farms in Netherlands allowed them to achieve their goal of powering all electric trains via wind energy one year ahead of the firm’s target date.
Locally, we have seen more companies employing renewables to power their operations. Major malls such as SM, Robinsons and Gaisano have installed solar rooftop systems to power up their operations. Just this January, Gaisano Capital has unveiled its 1.03 MW system that can supply 50 percent of its daytime operations of its mall in La Paz city in Iloilo, making it the largest solar rooftop system in Iloilo.
Similarly, the University of the Philippines recently announced that its partner has already completed the installation of three solar roof top with a combined capacity of 240 kWp in the Diliman campus.
No doubt 2016 was a good year for renewable energy development, and it seems that 2017 will likely even be better.