CISOLAR 2021: $80 Billion Investments in Solar Energy Projects May Exceed Globally in 2021
In late March, the US President Joe Biden’s Administration officially announced its main strategic goals for the US economy. The primary goal was to decarbonize the energy sector by replacing traditional electrical power sources with renewable ones. In particular, this strategic program is aimed at reducing the cost of electricity generated by solar power plants by 60% over the next 10 years. In total, the United States intends to spend more than $2 trillion over the next decade to develop infrastructure to reduce greenhouse gas emissions.
It should be noted that more than $100 billion will be invested in the construction of energy storage systems. In particular, in 2021, more than 20 new facilities with a total capacity of 1.7 GW will be commissioned in California.
According to IB Centre CEO Vitaliy Daviy, such an unprecedented investment in green projects in the United States will be a powerful catalyst for the development of renewable energy in other regions of the world.
On the photo: Vitaliy Daviy, CEO of IB Centre