Home | World Business News | Will DOE’s US$27M really help SunShot to spark solar cost reductions?

Will DOE’s US$27M really help SunShot to spark solar cost reductions?

TABJ - June 2 - The U.S. Department of Energy’s (DOE) SunShot Initiative has seen a lot of coverage lately, including a pledge of US$27 million to combat what is referred to as ‘soft’ costs in the industry.

It is reported that up to 40 per cent of project costs come under this umbrella—including permitting, sourcing sites and installing technologies for facilities—and funds allocated are intended for both the small scale residential and developer/larger scale building industry efforts.

Of the total, $12.5 million will go towards improving rooftop and small scale commercial power generation, including better-defining permitting processes, and $15 million will be used to make IT and building setups more efficient and well-placed for future installations.

“These investments under the SunShot program can help to transform the solar energy industry by addressing significant challenges to solar energy deployment, including permitting and installation,” US Energy Secretary Steven Chu told press.

“Innovations in IT and local business processes, such as online permit applications, can deliver significant savings for solar energy systems.”

However, speculation still continues over whether SunShot’s goals to reduce the cost of solar facilities by 70 per cent in 10 years are really viable. Since plans for this funding were originally announced tentatively in February, concerns have been continually voiced.

Business in Action

Botswana Ash

image
Botswana’s vast salt pans are home to minerals sort after by businesses across the continent; helping these African firms meet ...
View the Brochure
Full Article

Edendale Hospital

image
Thanks to its strong educational tradition and its willingness to lead where others have yet to go, Edendale Hospital has ...
View the Brochure
Full Article

GeoGroup

image
To say that GeoGroup has its fingers in a number of pies would be an understatement. The energy and ...
View the Brochure
Full Article

Manitou

image
Mining isn’t for the feint-hearted and when a company embarks on a tough project, on unforgiving terrain, it needs to ...
View the Brochure
Full Article

National Library of South Africa

image
Despite the allure of tablets, Kindles and high-res paraphernalia, books just keep bouncing back. One of the essential pantheons of ...
View the Brochure
Full Article

Novo Nordisk

image
Thanks to its passion for medical advancement and a strong commitment to its patients, Novo Nordisk has become a prominent ...
View the Brochure
Full Article

PMI Gold Corporation

image
In October, PMI Gold Corporation (TSX-V: PMV) (ASX: PVM)—the West African focused, ambitious gold junior with four previously mined deposits ...
View the Brochure
Full Article

Profica

image
By utilising its international experience and blending it with an understanding of local cultures, South African firm Profica has grown ...
View the Brochure
Full Article

Shamwari Group

image
With Africa’s urban structures increasing on a daily basis, it’s always important to remember the rich and diverse landscapes that ...
View the Brochure
Full Article

Spar Group

image
Your friendly neighbourhood Spar shop has been a regular feature on the streets of South Africa for over half a ...
View the Brochure
Full Article

Twin City

image
For over 25 years property developers Twin City have been transforming the Southern African landscape with modern, innovative and awe-inspiring ...
View the Brochure
Full Article

African Minerals Ltd.

image
Tonkolili mine opens for business, as African Minerals Ltd.  make a big impression on the mining landscapeJust 14 months from ...
View the Brochure
Full Article

View Current Issue

  • email Email this article
  • print Print
  • Plain text Plain text