In order to meet global energy demands with clean renewable energy such as with solar photovoltaic (PV) systems, large surface areas are needed because of the relatively diffuse nature of solar energy. Much of this demand can be matched with aggressive building integrated PV and rooftop PV, but the remainder can be met with land-based PV farms. Using large tracts of land for solar farms will increase competition for land resources as food production demand and energy demand are both growing and vie for the limited land resources. This land competition is exacerbated by the increasing population. These coupled land challenges can be ameliorated using the concept of agrivoltaics or co-developing the same area of land for both solar PV power as well as for conventional agriculture. In this paper, the agrivoltaic experiments to date are reviewed and summarized. A coupled simulation model is developed for both PV production (PVSyst) and agricultural production (Simulateur mulTIdisciplinaire les Cultures Standard (STICS) crop model), to gauge the technical potential of scaling agrivoltaic systems. The results showed that the value of solar generated electricity coupled to shade-tolerant crop production created an over 30% increase in economic value from farms deploying agrivoltaic systems instead of conventional agriculture. Utilizing shade tolerant crops enables crop yield losses to be minimized and thus maintain crop price stability. In addition, this dual use of agricultural land can have a significant effect on national PV production. The results showed an increase in PV power between over 40 and 70 GW if lettuce cultivation alone is converted to agrivoltaic systems in the U.S. It is clear, further work is warranted in this area and that the outputs for different crops and geographic areas should be explored to ascertain the potential of agrivoltaic farming throughout the globe.

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The potential of agrivoltaic systems

Electric power monthly

Bond financing for renewable energy in Asia

Spatial assessment of solar energy potential at global scale. A geographical approach

Anthropogenic global climate change has large and mounting negative economic impacts. Companies and nations responsible for greenhouse gas (GHG) emissions are thus acquiring considerable potential liabilities. If litigation becomes widespread, renewable energy technologies (RETs) potentially offer emitters reduced liability for climate change. This benefit has been ignored because of the lack of knowledge of potential liabilities. To overcome this information deficit, this paper reviews recent literature on the potential for climate change litigation and methods to quantify liability for climate change. Next, the top 10 emitters in the U.S. are identified and their potential liability is quantified using standard GHG emission costs. Potential liabilities are explored in depth with a single case study company comparing the results of the fractional liability from only natural disasters within the U.S. for a single year to a sensitivity of the future costs of carbon emissions from other sources of emission-related liability. Then classes of potential climate change litigants are identified and their capacity to bring such lawsuits is evaluated. The results show that the net income available to shareholders of large companies could see a significant reduction from the emissions liability related to only natural disasters in the U.S. from a single coal-fired power plant. Finally, a rough estimate of the economic risk associated with future scenarios and existing organized international potential litigants is quantified. The results show that potential liability for climate change for the Alliance of Small Island States is over $570 trillion. It is concluded that as emitters begin to be held liable for damages resulting from GHG emissions resulting in climate change, a high value for liability mitigation would provide additional powerful incentives for deployment of renewable energy technologies.

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A review of greenhouse gas emission liabilities as the value of renewable energy for mitigating lawsuits for climate change related damages

https://digitalcommons.mtu.edu/cgi/viewcontent.cgi?article=1022&context=materials_fp

Theresa Alafita

Papers

Securitization of Residential Solar Photovoltaic Assets: Costs, Risks and Uncertainty