Harnessing the Sun: The Economic Impact of Solar Energy on Local Economies
The demand for clean energy is surging. In 2023 alone, the world added 50% more renewable energy capacity than the previous year. Increased investment in clean energy and a growing corporate commitment to combat climate change have led to a recent rise in renewables. This spike in renewable energies is due in large part to a substantial increase in solar power installations. In fact, solar energy accounted for three-quarters of global green energy additions. This trend is not expected to slow anytime soon, with the World Economic Forum projecting renewable energy capacity to more than double by 2028, driven largely by solar power.
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