In
a recent article on ScienceDaily.com, a study in the journal Environmental
Research Letters estimates the world’s existing power plants will emit more
than 300 billion tons of carbon dioxide emissions over their lifetimes. Just
the power plants constructed around the world in 2012 alone emitted 19 billion
tons of carbon dioxide, according to the study’s researcher team.
Developing
nations such as China and India are what has been driving much of the explosion
in airborne pollution. They have also been spiking concerns from public and
private organizations worldwide as to the implications for the future. No
lesser a respected authority than the International Energy Agency has spoken up
on the issue. In a recent report, the IEA advocated for a quick switchover from
fossil fuels to renewable energy sources for meeting rising global power demand
and reducing the fast-growing environmental challenges worldwide posed by
fossil fuel burning.
Currently
around 68% of the world’s electricity supply is generated with fossil fuels.
The IEA urged that by 2050 65% of global electricity should be produced with
renewable energy sources before needed transformations of the global energy
system and the effects from climate change become too costly and extensive.
British
Columbia-based P2 Solar is one of the forward-thinking renewable energy
developers at the forefront of these efforts to build next-generation energy
solutions. The company has been focused on developing solar photovoltaic (PV)
power and small-hydro projects in countries where renewable energy policies are
highly favorable. There are three primary clean energy projects in its
portfolio: the British Columbia-based Langley Rooftop Project; and two Punjab,
India-based small-hydro projects, the Rajgarh Mini-Hydro Project and the Tibba
Mini-Hydro Project. P2 Solar has also been aggressively looking for new,
promising opportunities to expand the global impact of its clean energy
solutions agenda.
P2
Solar recently achieved a milestone with regard to its Rajgarh project that had
been years in the making. Its wholly owned subsidiary in India signed a power
purchase agreement with a Punjab energy distributor, which calls for a 35-year
payment term at an approximate tariff of $0.10 (USD). P2 Solar believes the
agreement will provide a steady, no-cost cash-flow. The wholly owned subsidiary
already has permission from the Punjab Energy Development Agency, Punjab
state’s governing authority on all renewable energy projects, to use the
canalled water. On top of developing these small-hydro projects, P2 Solar
continues to look for opportunities to build up solar PV systems for
large-scale commercial applications, like it did with a solar PV system on
Canada Ticket’s warehouse rooftop just last year.
Commercial
efforts to reduce reliance upon grid electricity are driving up global demand
for renewable energy sources, and P2 Solar plans to continue investing and
channeling its resources to benefit from this growing global trend. As the need
for renewable energy becomes more viable, the company seeks to help usher in a
line of eco-friendly, sustainable power solutions that are real alternatives to
carbon-emitting fossil fuels.
For
more information, visit: www.p2solar.com
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