The Sunvestment Energy Group Blog
Global energy transition investments must quadruple to $5T to reach climate targets: IRENA
As originally published on https://www.utilitydive.com. The energy transition needs a “fundamental course correction” to reach the Paris Agreement’s goal of keeping global warming under a 2°C increase, including a quadrupling of investments and 1,000 GW deployed per year, says an upcoming report from the International Renewable Energy Agency. A preview of the World Energy Transitions Outlook 2023 warns that “the scale and extent of change falls far short of the 1.5°C pathway,” and though significant progress has been made, deployment levels will have to grow from 3,000 GW to over 10,000...
Getting on Track for Net-Zero by 2050
As originally published on BloombergNEF.com. Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), the latest edition of its annual long-term scenario analysis on the future of the energy economy. The route to net zero remains yet uncertain. BNEF’s NEO outlines three distinct scenarios (labeled Green, Red and Gray) that each achieve net-zero while relying on a different mix of technologies. The energy transition requires very substantial investments in...
The Truth Behind Five ESG Myths
In 2021, investors continue to embrace environmental, social, and governance (ESG) investments at record levels. In the first quarter of 2021, global ESG fund inflows outpaced the last four consecutive quarters, reaching $2 trillion. But while ESG gains rapid momentum, the CFA Institute shows that 33% of professional investors surveyed feel they have insufficient knowledge for considering ESG issues. Read...
RER Energy Group and Sunvestment Celebrate the Completion of the First Community Solar project in the Adirondack Park, Saranac Lake Community Solar
Download full Press Release here. On Friday, February 12, 2021 RER Energy Group and Sunvestment celebrated the completion of the Saranac Lake Community Solar array with a ribbon cutting ceremony. As the first community solar project in the Adirondack Park, local and State officials praised the initiative started more than 4 years ago by local business leader Lee Keet. "I acquired the last block of commercial land with over 20 acres, we looked for uses, and in 2015 NY State offered Community Solar, the land was ideal," said Lee Keet, CEO of Vanguard Atlantic Ltd. "The project is fully...
Saranac Lake Community Solar farm celebrates opening
As originally published on adirondackdailyenterprise.com. “Three, two, one, here comes the sun,” elected state leaders and Adirondack Medical Center administrators counted as Robert Hassman cut the ribbon on the Saranac Lake Community Solar farm on Friday. Hassman, of RER Energy Group, was the site manager and installer of the 25 rows of solar panels on the east side of state Route 86. He said the farm has been operational since Dec. 28. Friday’s event was a formality. This is the first community solar project of its size in the Adironacks. It is estimated to produce over 2.4 million...
Renewable Energy Remains One of America’s Most Attractive Investment Options
As originally published on greentechmedia.com. Gregory Wetstone is president and CEO of the American Council on Renewable Energy (ACORE), a Washington, D.C.-based industry group. In the thick of a global pandemic, it’s sometimes hard to predict what the next day holds, let alone the next month or year. Business confidence can be difficult to come by and even more challenging to maintain. Yet when the nation’s most prominent financial institutions and renewable energy development companies were surveyed on their confidence in the renewable sector amid the ongoing impacts of COVID-19, many...