Harvesting the sun’s bounty – towards a CO2-free future

Everyone agrees that we must move away from fossil fuels. This is why more and more business companies and public authorities all over the world are taking steps to promote the transition to renewable energy sources. Solar power appears to be the best option to achieve a CO2-free future.

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Tomorrow’s energy will emit less CO2 and will be greener, more efficient, more local, more decentralised and cleaner. ENGIE Electrabel is preparing for, and guiding its customers towards the energy transition, in which it wishes to play a pioneering role. This goal stems from ENGIE Electrabel’s strong commitment to acting in the best interests of society, as well as of its customers, employees and the environment.

Cost effectiveness

Solar energy appears to be the most efficient solution to bring about the energy transition successfully. It is available everywhere around the planet and is becoming less and less expensive thanks to the development of new technologies. While the shift to solar energy is mainly motivated by environmental concerns, today economic considerations are becoming increasingly important in deciding to invest in photovoltaic panels (PV technology) and solar farms.

An inexpensive source of energy

Solar energy is already an extremely economical alternative when it comes to replacing fossil fuels. According to a study conducted by the World Economic Forum (WEF), photovoltaic technology is so economical that its use can be cost-effective under current conditions – even in the absence of specific public-policy measures – in more than 30 countries. In many other countries, it is also more advantageous to invest in PV facilities than in coal-fuelled power stations.

The best option

Following the creation, in 2015, of the International Solar Alliance, which brings together more than 50 governments that have decided to invest massively in the solar energy sector, a number of electricity producers, financial institutions and industrial groups launched – on ENGIE’s initiative – the TeraWatt project with the aim of increasingly modernising electricity generation by means of solar technology.

The expectation is that by 2030 we will be generating 2.5 terawatts of solar power – an amount of energy equivalent to that generated by 2,500 nuclear power stations. “Solar energy doesn’t release CO2 and is inexhaustible”, emphasises ENGIE CEO Isabelle Kocher, who is also the Chairperson of the TerraWatt initiative. “The energy produced by the sun can cover current global energy demand 20 times over. Solar energy is the best option available to us today to tackle the decarbonisation of our energy systems on a large scale and to help populations adapt to the consequences of climate change.”

You may also want to read: The sun, an inexhaustible source of energy.

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