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image TESTING THE SCOTRENEWABLES TIDAL TURBINE OFF KIRWALL IN THE ORKNEY ISLANDS. image GEMASOLAR IS A 15 MWE SOLAR-ONLY POWER TOWER PLANT, EMPLOYING MOLTEN SALT TECHNOLOGIES FOR RECEIVING AND STORING ENERGY. IT’S 16 HOUR MOLTEN SALT STORAGE SYSTEM CAN DELIVER POWER AROUND THE CLOCK. IT RUNS AN EQUIVALENT OF 6,570 FULL HOURS OUT OF 8,769 TOTAL. GEMASOLAR IS OWNED BY TORRESOL ENERGY AND WAS COMPLETED IN MAY 2011. FUENTES DE ANDALUCÍA SEVILLE, SPAIN. table 5.24: oecd europe: investment costs for electricity generation and fuel cost savings under the energy [r]evolution scenario compared to the reference scenario INVESTMENT COSTS DIFFERENCE E[R] VERSUS REF Conventional (fossil & nuclear) Renewables Total CUMULATIVE FUEL COST SAVINGS $ billion $ billion $ billion $ 2011 - 2020 -309.0 785.5 476.5 39.9 -102.7 81.2 11.8 30.2 2021 - 2030 -269.0 677.3 408.3 62.1 123.5 265.4 43.1 494.0 2031 - 2040 -221.5 996.3 774.8 68.3 936.6 375.4 50.7 1,430.9 2041 - 2050 -221.5 996.3 774.8 59.3 2,329.6 361.8 53.9 2,804.6 2011 - 2050 -1,005.2 3,071.1 2,065.9 229.5 3,287.0 1,083.8 159.5 4,759.8 2011 - 2050 5 AVERAGE PER ANNUM -25.1 76.8 51.6 5.7 82.2 27.1 4.0 119.0 SAVINGS CUMULATIVE E[R] VERSUS REF Fuel oil Gas Hard coal Lignite Total billion $/a billion $/a billion $/a billion $/a billion $/a 117 © STEVE MORGAN/GP © MARKEL REDONDO/GP key results | OECD EUROPE - INVESTMENT & FUEL COSTSPDF Image | SUSTAINABLE WORLD ENERGY OUTLOOK
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