Clean energy investment : A transition towards renewable energy Renewable Publication 2017- September | Page 3

Exhibit 2
Solar PV: Cost reductions permitted to improve the market, Europe was responsible in driving
down costs but China tends to lower the manufacturing costs which helps to acquire Solar Energy.
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According to a report published by the
International Energy Agency, renewable
industry hit a record with 150 GW of
renewables-based capacity addition in
2015 which surpass fossils fuels or nuclear
energy. Regarding Solar PV, we’re actually
experiencing a optimistic trend : prices
seems to go down and every actors believe
that this a sign of an energy transition.
10
8
6
4
2
0
janv-10
Thin film a-si
Crystalline Japan
déc-15
Crystalline China
Crystalline Europe ( Germany)
Source : IRENA REsources 2017.
Even if Solar PV addition capacity increases by approximately
50% in one year, with a investment estimated at 98 billions
of U.S dollars the market seems to grow rapidly and
declining costs support the access to renewable energy.
However, we can also remark that asset financing for Solar
PV seems to be less important than the previous years : the
process of securitization is a clear benefit for solar developers
, according to a report published by Pwc in november 2013
this type of financial mechanism could permit to fund more
projects ( commercial or residential solar PV) , mainly because
a huge cause of failure is due to the high cost of capital.
Exhibit 3
Hence, China as a leader of the renewable
industry helps to be more active than the
rest of the world , Chinese government
wants to reduce carbon emissions : indeed,
declining coal plays a serious role in the
global carbon emissions and China is a
huge consumer of that type of energy.
Renewables-based generation capacity was
evaluated at 1985 GW compared to 1950
GW produced by coal, our source of energy
begins to be more diversified than before.
Government regulations and macroeconomic policies plays a
major role in the market giving opportunities to many countries
willing to access this type of energy at a low cost of capital,
half of the global investment is directly attributed to oil and
gas exploration however the global situation could become
complex with more volatility and uncertainty due to several
factors. Nevertheless, the sector seems to experience a large
decrease of investment (approximately 25% according to the
IEA). Renewable energy benefits will turn out to be a significant
asset for countries wishing to organize a low carbon society, to
make it happen more investment will be necessary in the future.
Solar PV: A leading source of energy to create employment , with a growing capacity the
solar energy will guide us to a low carbon industry more productive and profitable.
2772
2015
2495
2014
2273
2013
1360
2012
From 2012 to 2015, a great number of jobs were created by
renewable energy, this employment figures represents the
number of jobs created by the Solar PV technology since 2012.
Investment in this type of technology permitted to produce jobs
essential to growth. Indeed, 8.1 million people were employed
in the renewable energy sector and the largest renewable
energy employer is Solar PV : this sector was remarkable and
entice growth due to improvements made in the technology
which allowed to expand their capacity by 20% in this year.
Clean energy requires skilled workers and it is considered as
a quality job : 50% of growth for employment in the sector
from 2012 to 2015 which is very useful for countries corrupted
by a high level of unemployment in various industries.
Technology progress will impact every developed countries
in the future, to face this trend we have to form every
workers and lead them to improve their competencies
in order to gain from their knowledge : our objective is
to create a knowledge based-economy that will lead us
to growth with a clean energy avoiding climate change.
Source : IRENA REsources Database 2012-2015 ; employment figures.
Clean energy investment : A transition towards renewable energy to conceptualize a post-oil city.
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