The energy transition is underway across the planet. According to data from the US Energy Information Administration (EIA), renewable energies provided more than 25% of the electrical generation in the United States during the first half of 2022. Solar energy production grew by 27.7% and provided 4.9% of the electrical generation in the USA.

Following the strategy to combat climate change, the administration of Democratic President Joe Biden launched a federal program in mid-July to subsidize solar energy in disadvantaged family homes through solar community projects. This program is expected to allow 134 GW of new solar power capacity to be achieved nationwide – the American total solar power capacity currently stands at 97.2 GW, according to the Department of Energy.

At the European level, solar is the fastest growing energy source. Between the months of May and August, a record solar energy generation was reached in the European Union (EU), with about 30% more solar energy production than in the whole of 2021.

For the world to reach carbon neutrality by 2050, 90% of the electricity produced will have to come from renewable sources. Because of this, “Here comes the Sun” is the motto of the second international edition of the EDP Business Summit to be held on 27 October, from Lisbon, but open to the whole world through a live broadcast. An event to inspire entrepreneurs, managers, decision-makers and investors to reflect on the role that solar energy can play in their income, in reducing global dependence on fossil fuels and in projecting a more sustainable future. 

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Source: Jornal de Negócios