article thumbnail

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.

article thumbnail

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. Improve energy efficiency by 39.5%.

article thumbnail

The different types of renewable energy 

IBM Services

Solar power Solar energy has evolved to be efficient, versatile and resilient. Today’s wind turbines vary from small (single home or business) to utility-scale (offshore wind farms). offshore wind energy production by 2035 using large-scale floating turbines that can be placed in deeper water.