All for Joomla All for Webmasters

Solar Power

paris-agreement

The Paris Agreement is a global agreement to keep average global temperatures within 2 degrees of pre-industrial times. We are currently 1.1 degree above 1880 which is the base year of “pre-Industrial times”. http://climate.nasa.gov/vital-signs/global-temperature/

As Carbon Dioxide levels and temperatures are roughly linear (at current levels), this equates to 450 Parts of CO2 Per Million Parts of Air. This is well above the highest recommended level of 350 Parts per Million (PPM). We are at 403 PPM now and increasing at 3 PPM per annum. Source: NASA: http://climate.nasa.gov/

In order to achieve the environmental objectives of The Paris Agreement whilst still attaining high levels of global GDP growth, and as the developing world industrialises, a much higher percentage of renewable energy needs to be used to generate the power we require. The IEA estimates the world energy demand will grow 70% by 2040. International Energy Agency, World Energy Outlook 2015 Fact Sheet, Third Paragraph: http://www.worldenergyoutlook.org/media/weowebsite/2015/WEO2015_Factsheets.pdf.

The IEA estimates to achieve the objectives of the Paris agreement, global investment in renewables needs to increase by $36 trillion above the base case scenario between 2016 and 2050. Based on an immediate increase in investment, breakeven should be achieved by at 2025, and by 2050, $100 Trillion will have been saved in fossil fuel input costs. Source: International Energy Agency: http://www.iea.org/Textbase/npsum/ETP2012SUM.pdf

Sir Nicholas Stern, estimates that not combatting climate change, will lead to losses in global GDP of between 5 and 20% based on a number of factors the most significant of which are breakdowns in supply chains and loss of land mass and housing. Summary and Link to Actual Report:   https://en.wikipedia.org/wiki/Stern_Review.

“Global carbon dioxide levels break 400ppm milestone” “Concentrations of CO2 greenhouse gas in the atmosphere reached record global aver-age in March, figures show, in a stark signal ahead of Paris climate talks. Extreme weather already on increase due to climate change, study finds”

The Guardian

Solar Power

The following table details the increases in installed capacity (Gigawatts) of the main renewable energy generating technologies based on the requirements of The Paris Agreements as defined by the International Energy Agency.

Main Renewable Energy Technologies

2014 (GW)

2015 (GW)

Increase (GW)

Growth Rate Installed Capacity 2014-2015

New GW Installed by 2050 To Achieve Paris Agreement

New GW Installed Per Year 2016 – 2050 To Achieve Paris Agreement

Photo Voltaic

177

227

50

28.25%

8,500

250

Wind

370

433

63

17.03%

10,710

315

Concentrated Solar Power

4.3

4.8

0.5

11.63%

85

3

Bio-Power

101

106

5

4.95%

850

25

Hydro

1036

1064

28

2.70%

4,760

140

Geothermal

12.9

13.2

0.3

2.33%

51

1

REN21: Global Renewables Status Report, Page 19 – http://www.ren21.net/status-of-renewables/global-status-report/

REN21: Data Source: Bloomberg New Energy Finance: http://about.bnef.com/

This extrapolation of renewable energy technology deployment demonstrates the vast scale of deployment required to meet The Paris Agreement’s environmental objectives and at the same time the power requirements of the world. Further analysis is detailed below in section header: Solar 350’s market.

Solar 350’s Market

While Solar 350 has ambitions to expand its business operations downstream, our initial focus is on site selection and pre-construction development and accreditation with an exit at either step 4 or step 14 of the 14 step pre construction development process.

In regard to the above diagram, if we assume that 50% of future capacity comes from utility scale solar sites (20MW & Above) and take the average size per site to be 35MW (Averages per region are: LATAM: 56 MW, US: 11 MW, Europe: 3MW),:  http://www.statista.com/statistics/539644/average-solar-project-size-globally-by-region/), this means that in 2015, there were 1429 utility scale solar farms constructed and each year, every year on average to 2050 there will be 7,143 new sites constructed globally.

The site selection, due diligence and pre-construction development and accreditation of these new sites is Solar 350’s business.

“Developing nations’ policies push renew¬able energy capacity to record high, says UN-backed report”

The United Nations

Comments are closed.