28 Feb '13, 4pm

Shell Sees Solar as Biggest Energy Source After Exiting It

The proposition that photovoltaic panels will be the main power source by 2070 is one of the New Lens Scenarios Europe’s largest oil company published today in a report on energy demand this century. A second has natural gas as the main fuel by 2030. “These scenarios show how the choices made by governments, businesses and individuals in the next few years will have a major impact on the way the future unfolds,” Chief Executive Officer Peter Voser said in a statement. Shell’s solar estimate, which assumes higher energy prices, follows an industry boom that saw capacity grow to about 102 gigawatts in 2012, according to data compiled by Bloomberg New Energy Finance. That compares with a figure of 1 gigawatt in 2000, based on figures from the International Energy Agency. Lower costs and state support will boost solar to about 600 gigawatts in 2035, or more than 2 percent of p...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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