Do You Want to Mitigate the Negative Impacts of the Rush to Renewable Energy?

  • Aggressive bidding in a competitive environment is a potential weakness of auctions, as most of the time, companies try to secure projects at low profit margins. This delays the provision of services to the end customer. With low profit margins, the industry sees low budgets for R&D.
  • Mitigation: Policymakers should introduce performance clauses in contracts, as these would enhance the quality of service. Second, involving financial institutions at the early stage of a project would reduce risk of delay and provide a budget for extensive R&D.
  • Solar, wind and hydropower plants produce different forms of waste. However, the waste impact is currently minimal, as this industry is still in the inception stage. Waste produced includes wind turbine blades, PV cell panels, lithium-ion battery cells, concrete and dam gates.
  • Mitigation: Best practice would be to reuse, recycle, dispose of all waste properly or prevent use. Significant allocation for R&D could also help reduce waste. Companies could implement a mechanism with the support of manufacturers to make the recycling process efficient and economical.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/