Friday, May 17, 2013

Big Money to be Saved by Investing in Renewables

Siemens study: Europe can save €45 billion in its pursuit of renewables
15 May 2013 - A new report from Siemens sees considerable potential for optimization for electrical power producing systems across Europe -- especially when it comes to expanding power generation from renewable energy sources.

The crux of the analysis lies in the choice of location: If installations were built at the sites in Europe that offer the highest power yields, some €45 billion of investment in renewables could be saved by 2030.

This figure already includes the associated extension of the power grid. As a comparison: around €10 billion were invested in new solar and wind power generating installations in Germany in 2012. read more>>>

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