While the shutdowns related to COVID-19 have had catastrophic effects on countries around the world, scientists have found the effects on the environment to be quite the opposite. As factories were forced to shut down and travel limited for essential purposes, air pollution levels have dropped to levels not seen in at least 70 years, as reported by The Wall Street Journal.
The renewable energy sector is crucial to the healthy growth of the United States, and according to the United Nations, we have the opportunity to “build back better” as we begin to reshape our societies post COVID-19.
Monarch Private Capital and its portfolio company, Alchemy Renewable Energy, have been working to bring renewable energy to communities throughout the U.S. for 12 years. Investing in renewables may be more important than ever, and we stay committed to our goal of providing clean energy for all.
A Look at Firwood Solar Farm
Firwood Solar Farm, a tax equity investment of Monarch Private Capital, is a 15.19 MW solar farm that serves Clackamas County, Oregon and surrounding communities. This solar farm has a positive impact on the environment by:
According to a 2018 article on OVO Energy, renewable energy creates five times more jobs than fossil fuels, and if taken full advantage of, sunlight beamed on the earth for 1 hour could meet the world’s energy demands for an entire year! As our country works to rebuild from this crisis, MPC and ARE will continue to finance and facilitate the development of solar energy projects like Firwood Solar Farm across the U.S.