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Expand chart
Data: U.S. Solar Industry Diversity Study 2019; Chart: Lazaro Gamio/Axios

White guys dominate the solar industry's executive ranks, and women and African Americans are underrepresented in the sector more broadly, a new report shows. There's also a big wage gap between men and women.

Why it matters: The industry is growing as renewable generation increases, and industry officials are launching new efforts to improve the sector's performance on diversity and inclusion.

By the numbers: The report, issued by the Solar Foundation and the Solar Energy Industries Association, offers a suite of data showing where the sector is lagging and performing relatively well.

  • The senior executive ranks are 88% white and 80% men, and men are also more represented in management overall.
  • The gender wage gap is 26%. Women's median hourly wages are $21.62 compared to $29.19 for men.
  • But, "wage distributions across races or ethnicities appear to be more equitable."
  • 23.4% of employees in the survey identified as part of the LGBTQ community, while representation is even higher in the "manager, director, president" ranks.

What's next: The groups released a "best practices" guide to help companies in the sector. And SEIA, working with other trade groups, has launched a multipronged "diversity challenge," which includes this pledge.

What they're saying: SEIA president Abigail Ross Hopper said the sector needs to create cultural change and address "systemic forces that have allowed discrimination to fester."

  • "We need to take account of our own actions and ask ourselves, are we doing enough? It's imperative that we take proactive steps to advance these issues, because it isn't going to happen on its own," she said.

Go deeper: Green energy jobs are better-paid but lack diversity

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

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