There’s no doubt that the conversation around global warming escalated in 2018. Among this climate of debate, we still made collective strides toward a more sustainable future. In 2019, businesses, governments, and individuals around the world are pledging to switch from fossil fuels to renewable energy. Here’s the scoop.

A Big Year for Off-Shore Wind Farms

2019 is slated to be a big year for wind energy. According to the Global Wind Energy Council (GWEC), the global wind energy sector is expecting a “growth spurt” this year, with a growing rate of wind farm installations from the previous year.

It’s also going to be a big year for off-shore wind farms. The United States and Europe have enjoyed incredible off-shore wind-farm growth within the past 10 years, and we’re expecting another global increase in 2019. China and the United States are both chomping at the bit to install more off-shore wind farms this year. In fact, the GWEC claims “the rapid maturing of technology has meant that offshore wind is taking shape as a mainstream energy source.”

Solar Energy: A Sunny Outlook for 2019

2018 was a rough year for solar. China announced that it would not issue approvals for any new solar power installations, and the U.S. imposed tariffs on imported solar cells and modules. This put a damper on the solar industry, but thankfully, 2019 is looking sunnier.

According to the Solar Industry Industries Association, “The tariff level was set at 30% with a 5% declining rate per year over the four year term of the tariff”, meaning that rates will be down to 15% by the fourth year. While this still means a slow year for residential installations, businesses and industries aren’t letting up, and we’re projecting an increase in utility-scale installations in 2019.

While the tariffs might have slowed the solar industry in 2018, they certainly won’t damper the industry as a whole. We’re still growing in the years to come!

Growth in Geothermal Energy

According to a report by Researchandmarkets.com, the global geothermal energy market is slated to grow by 12.2 percent over the next five years. A huge boon to the geothermal energy market in 2019 is, perhaps surprisingly, the Government of Dominica in the Caribbean. This beautiful seaside country aims to start work on a huge geothermal power plant in 2019 that will power the nation. Hopefully, more countries take their lead!

What’s New For Hydropower This Year?

If you ask anyone working in the hydropower sector, they’ll tell you they’re feeling good about the year ahead. 58.4% of hydropower professionals and trend-seekers expect to increase their install capacity in 2019. Moreover, 51.7 percent of industry leaders “expect to increase investments in hydropower over the next three years.” Not too shabby!

One country to look out for when it comes to growing hydropower? Australia is putting hydropower in the spotlight. Already a huge champion of hydropower, Australia already derives 42 percent of its national energy usage from hydropower. In 2019, they’re doubling down.

According to Hydropower.org, “Now underway is the game-changing project that will expand the capacity of the iconic Snowy Mountains Scheme by 50 percent. Dubbed Snowy 2.0, the additional 2,000 MW of capacity and 350,000 MWh of storage represents the largest energy storage project in the southern hemisphere and the largest renewable energy project in Australia.”

100% Renewable Energy Vows in the United States

Closer to home, businesses in the United States are getting serious on their commitment to a greener world. To be exact, 158 companies in the United States have pledged to transition to 100-percent renewables in 2019, and many were inspired by the 2015 Paris Agreement. Among these companies are Ikea, who has “promised to produce as much renewable energy as the total energy it consumes in its buildings by 2020”. Adobe “aims to power its operations entirely by renewable energy in 2035.” Apple achieved 100% renewable energy in 2018 and is now helping their suppliers and manufacturers do the same.

Many more companies are committing to 100% renewable energy within the next couple of years. Companies that aim to use only renewable energy by 2020 include Coca Cola, AstraZeneca, Bank of America, Etsy, Facebook, Goldman Sachs, Proctor and Gamble, and Burberry. To read about more companies who are pledging green, go to there100.org.

It’s not just companies that are committing to renewable energy. Governments and states across America are taking renewable energy more seriously than ever. In 2019 we’re going to see increased renewable energy from California, Washington DC, and Hawaii, who pledged to 100 percent clean energy by 2032. Government leaders in New Jersey, New York, and Puerto Rico are also raising their voices in favor of renewable energy, and since the November 2018 election in Colorado, Connecticut, Illinois, Maine, Nevada, New Mexico, and Oregon are discussing increased use of renewable energies.

A Greener Year to Come

We’ve fought for a cleaner world, and it’s increasingly looking like the rest of the world is joining us. Join the movement! Use your land for the force of good by becoming an Alcen Renewable landowner, by using your land for a greener future. Or become an investor and help positively impact the future. For more information, go to our website. Let’s make a cleaner, more sustainable world together!

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