When it comes to renewable energy development, Siemens says the opportunity for big savings starts with the choice of location.
If installations were built at the sites in Europe that offer the highest power yields, EUR 45 billion of investment in renewables could be saved by 2030, according to a new company report.
‘In Europe, just the new photovoltaic capacity alone to be built by 2030 amounts to about 138 GW. If these facilities were erected at the sunniest sites, we could save 39 GW of solar equipment – for the same power yield. The choice of site is crucial to the efficiency and economy of wind power, as well,’ notes Michael Suess, member of the corporate executive committee at Siemens AG and CEO of Siemens' Energy Sector.