Last year, the tech giant matched 100 percent of its annual electricity consumption with renewable energy purchases, and has committed to continue doing so as the company grows. Last week, Google built on the 100 percent concept with the release of Carbon Heat Maps, which show that there are times and places where Google’s electricity profile is not yet fully carbon-free — which is what Google wants to be.
In 2010, the International Energy Agency predicted that global solar PV capacity could reach 3,000 GW or 11% of projected global electricity generation by 2050—enough to generate 4,500 TWh of electricity. Four years later, in 2014, the agency projected that, under its "high renewables" scenario, solar power could supply 27% of global electricity generation by 2050 (16% from PV and 11% from CSP).
The theory of peak oil was published in 1956. In the 1970s environmentalists promoted the development of renewable energy both as a replacement for the eventual depletion of oil, as well as for an escape from dependence on oil, and the first electricity generating wind turbines appeared. Solar had long been used for heating and cooling, but solar panels were too costly to build solar farms until 1980.
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Renewable energy variability is a problem for corporate buyers. But what is undesirable to buyers is attractive for insurance companies, whose core business revolves around managing weather-related risks. VFAs sit on top of a new or existing PPA and are effectively designed to pay the corporate buyer when they’re getting less renewable power than they contracted for, and give money to the insurer when there’s more.
A study of the material consumption trends and requirements for wind energy in Europe found that bigger turbines have a higher consumption of precious metals but lower material input per kW generated. The current material consumption and stock was compared to input materials for various onshore system sizes. In all EU countries the estimates for 2020 exceeded and doubled the values consumed in 2009. These countries would need to expand their resources to be able to meet the estimated demand for 2020. For example, currently the EU has 3% of world supply of fluorspar and it requires 14% by 2020. Globally, the main exporting countries are South Africa, Mexico and China. This is similar with other critical and valuable materials required for energy systems such as magnesium, silver and indium. In addition, the levels of recycling of these materials is very low and focusing on that could alleviate issues with supply in the future. It is important to note that since most of these valuable materials are also used in other emerging technologies, like LEDs, PVs and LCDs, it is projected that demand for them will continue to increase.
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect.