Description

Solar energy global capacity has been growing almost exponentially for the last three decades.  Now this technology is facing an inflection point. According to the International Energy Agency (EIA), solar PV can become the main source of power generation, surpassing coal by 2027. 

In the U.S., during the second quarter this year, the solar industry installed 6.1 GW of new capacity making this the best quarter in history, in part owing to a surge in demand from the Inflation Reduction Act (IRA). But still, Wood Mackenzie expects the US solar market to triple in size over the next five years, bringing the total installed solar capacity to 378 GW by 2028. But is this technology mature enough to drive this growth? Can we rely so intensively on solar energy? 

In this episode of Glennmont Insights, we talk to Jon Burke about the future of the solar energy in the USA. Jon Burke is President of GreenGo US, a renewable energy developer. Jon has over 20 years’ experience in the energy sector, especially solar PV in the USA. Jon also held senior leadership positions at Apex Clean Energy, Shell, and National Renewable Energy Corporation.

The statements contained herein represent the views and opinions of Nuveen as of the date of production/writing and may change without notice at any time based on market and/or other conditions and may not come to pass.

All investments carry a certain degree of risk, including possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Past performance does not guarantee future results.

Recorded on: 2 October 2023 

Featured Speaker: Jon Burke,  CEO of GreenGo US

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