Phelan Energy Group

Why Is The Renewable Energy Industry Important?

Renewable energy technologies are clean sources of energy that have a much lower environmental impact than conventional energy technologies. They are sources of clean, inexhaustible and increasingly competitive energy, which has never been more relevant in today’s age. Clean energy development is vital for combating climate change and limiting its most devastating effects. 

Greater Independence

When a country or nation is able to produce enough of its own fuel to meet its own demands, this is referred to as being energy independent. This is very important, as this can have huge benefits for countries as it provides them with economic freedom and the opportunity to branch out further into the renewable energy sector. Across the globe, energy policies are already responding to pressures to reduce emissions as energy investments are subject to greater environmental scrutiny.

Energy independence is something that large and energy-rich countries are attempting. Energy is important to any economy and in countries like South Africa, many homeowners are choosing to move to more renewable energy sources – such as solar power. The nation also has a plan in place to achieve 9600 MW of solar power capacity by 2030, which is known as the Integrated Resource Plan. 

Economic Benefits 

Compared to other energy options in most of the world, renewable energy sources are incredibly affordable. This is because, once they are built, wind turbines, solar farms and other types of renewable energy produce electricity at low cost. 

However, fossil-fuel power plants are very expensive to run and the utility companies need to purchase the natural gas and coal that will ultimately be burned by the power plants. These costs vary from season-to-season, which can have a substantial impact on the economic viability of a specific type of electric resource.

Employment Opportunities 

Creating new employment opportunities always has an excellent impact on a nation, with the renewable energy industry resulting in more jobs compared to installing traditional sources of generation. They are distributed throughout the country, as opposed to just being focused in areas with coal or natural gas deposits, with most the plants being in a local area. A lot of the jobs require knowledge and access to local communities nationwide, which is why they are so readily available – and beneficial. 

About Phelan Energy

As a business, we completely understand and appreciate the importance of renewable energy. Currently, we are actively developing solar projects in 12 International markets, having 175 MW grid-connected in South Africa, 70MW operational in India, 250 MW under execution in the Middle East and Asia and a pipeline greater than 2000 MW in various global markets

Our vision is to achieve the lowest cost of solar energy in the world, which we have attained through determined cost management, innovation and efficiency, without compromising our quality. To find out more about the work we carry out, please feel free to give us a call on +353 1 669 4680. Alternatively, send an email to info@phelanenergygroup.com and someone will get back to you as soon as possible to discuss how we can best meet your requirements.

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Powerful end to 2018 for Phelan Energy Group

Summary: International developer, Phelan Energy Group commences operation of 70 MW solar PV project...

01 Jan 2019

Phelan Energy Group reaches financial close for 50MW project in Bhadla

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Phelan Energy Group relocates its HQ to Dublin & adds another 86 MW to their International portfolio.

Phelan Energy Group ‘Phelan’ has recently moved its International Headquarters from Cape Town...

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