According to an article published on PV-tech.org, a recent McKinsey feasibility study with the intention to determine if electricity from 100% renewable resources was possible, has observed that by the year 2050, such goal not only is feasible, but that countries like Germany are already leading the way to making it possible. The study report, published by the European Climate Foundation was commissioned to examine the possibility of the EU achieving 80% greenhouse gas reduction by 2050 compared to 1990 levels. Furthermore the study concluded that along with renewable energy being 100% feasible, it was also a reliable and economically sound energy decision. Renewable energy industries record strong growth, generate many jobs, hence represent emerging markets in times of global economic crisis.
As reported October last year, Germany currently has one of the biggest renewable energy markets in the world and represents European Lead-Market in Solar PV. Only in the year 2009 Germany had an incredible 16.1% increase in the total share of electricity from renewable resources. Beginning of the new year 2010, Germany also saw its solar PV installations surpass the 3.8GW benchmark, making it responsible for more than half of the world’s solar market. Considering that at present only 2% of Germany’s suitable rooftops are covered with PV systems, the country has plenty of opportunity to expand its international lead in the solar renewable energy market and to further proof, that a clean energy future is a convertible dream.
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