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Renewable energy trends and developments powering a cleaner future

IBM Services

And advancements in solar photovoltaic technology are producing lighter, less expensive, more efficient solar panels that will continue to increase generation capacity over time. In the same year, nine European countries announced plans to increase offshore wind power capacity to over 120 GW by 2030 and over 300 GW by 2050.

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Renewable energy in action: Examples and use cases for fueling the future

IBM Services

Wind power can be generated by turbines on land, as well as offshore wind farms over water. Portugal : The country was one of the first in Europe to pledge carbon neutrality by 2050. Optimizing energy efficiency : Companies are also investing in technologies to optimize their energy use and further reduce their carbon emissions.

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10 Countries Developing Green Industry for a More Profitable Tomorrow

Velocity Global

Dow Chemicals saved approximately $9 billion over 15 years between 1995 and 2010 by increasing energy efficiency in an effort to reduce GHG emissions. Renewable Energy: The PFTF removes the cap on solar power expansion while increasing offshore wind power investment targets. Over a similar period, DuPont saved $5 billion.