- Clean energy investment has posted a 12% YOY growth since 2020, with global energy investment set to reach $2.4 trillion in 2022
- Renewable electricity capacity is projected to rise by over 60% by 2026, achieving 4,800 GW
- In June 2022, President Biden dropped tariffs on Southeast Asian solar panel imports for 24 months to accelerate clean energy product development in the country
- CIPI stands to benefit significantly from the increasing push to adopt clean energy
The International Energy Agency’s (“IEA”) World Energy Investment 2022 report, released in late June, noted that the global energy investment was set to reach $2.4 trillion in 2022, representing an 8% increase from 2020. Moreover, the report noted that since 2020, clean energy investment had grown significantly, posting a 12% year-over-year (“YOY”) growth, a notable increase from 2% posted within the first five years following the Paris Agreement in 2015 (https://nnw.fm/k84JB).
In a report published in December 2021, the IEA noted that the world’s capacity to generate electricity from solar panels, wind turbines, and other renewable technologies, was on course to accelerate over the coming years. It also reckoned that 2021 was expected to set a new record for new installations, posting a rise to 290 gigawatts (“GW”) within the calendar year (https://nnw.fm/xZhR9).
The IEA has also projected that renewable electricity capacity will rise over 60% by 2026, achieving 4,800 GW, equivalent to the current total global capacity of fossil fuels and nuclear combined. This presents an obvious growth opportunity for entities within the space by driving investment, and making renewable energy more accessible to more people (https://nnw.fm/xZhR9).
One company that stands to benefit from this is Correlate Infrastructure Partners Inc. (OTCQB: CIPI). Known for offering a complete suite of proprietary clean energy assessment and fulfillment solutions for commercial real estate, this company understands the value of scaling distributed clean energy solutions. It believes this is critical in mitigating the effects of climate change while allowing enterprise clients to monetize this new cash flow opportunity for growth.
Today, CIPI addresses a total market of over 5.9 million commercial buildings in the United States. Correlate, CIPI’s commercial project subsidiary has an opportunity pipeline of over $100 million in qualified projects and over $20 million in awarded backlog.
With commercial buildings consuming over 35% of the total generated electricity in the United States, there is a growing need to retrofit them with clean energy alternatives to reduce energy wastage, overall carbon footprint, and over-dependence on the national grid (https://nnw.fm/VTgsV).
CIPI is at the forefront of creating an industry-leading energy solution and financing platform for the commercial and industrial sector, making clean energy more accessible to many. To further advance its brand, the company has been on an aggressive rebranding phase that saw a revised website, investor presentation materials, and an investor relations awareness campaign. CIPI has also completed a name and ticker change on the OTCQB exchange to clarify its identity and success with its portfolio of clean energy solutions in North America.
In 2021, the United States rejoined the Paris agreement, and with it came an ambitious Nationally Determined Contribution to reduce net greenhouse gas emissions by 50-52% in 2030. The country also launched the Global Methane Pledge, with subsequent actions meant to advance climate action domestically and internationally (https://nnw.fm/egk24).
In June 2022, President Biden dropped tariffs on Southeast Asian solar panel imports for 24 months to accelerate clean energy product development in the country. It was seen as a move to cut the overall cost of clean energy options, reduce risks to the national grid and accelerate domestic clean energy construction projects critical to tackling the global climate crisis (https://nnw.fm/d7Aez).
Evidently, there is a push for clean energy, and with many seeing the value in this industry, investment in the sector is, growing. Enterprises such as CIPI, at the forefront of this movement, stand to benefit the most from a value standpoint and offering even more options to the end consumers. In addition, they contribute the most to accelerating clean energy transitions, making energy systems more secure, and pushing society towards achieving the set climate goals.
For company information, visit the company’s website at www.CorrelateInfra.com
For company information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.correlateinfra.com/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.correlateinfra.com/program