Category: solar energy

Mapped: Solar Power by Country in 2021


This post is by Govind Bhutada from Visual Capitalist


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Solar Power by Country

Mapped: Solar Power by Country in 2021

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The world is adopting renewable energy at an unprecedented pace, and solar power is the energy source leading the way.

Despite a 4.5% fall in global energy demand in 2020, renewable energy technologies showed promising progress. While the growth in renewables was strong across the board, solar power led from the front with 127 gigawatts installed in 2020, its largest-ever annual capacity expansion.

The above infographic uses data from the International Renewable Energy Agency (IRENA) to map solar power capacity by country in 2021. This includes both solar photovoltaic (PV) and concentrated solar power capacity.

The Solar Power Leaderboard

From the Americas to Oceania, countries in virtually every continent (except Antarctica) added more solar to their mix last year. Here’s a snapshot of solar power capacity by country at the beginning of 2021:

CountryInstalled capacity, megawattsWatts* per capita% of world total
China ??254,35514735.6%
U.S. ??75,57223110.6%
Japan ??67,0004989.4%
Germany ??53,7835937.5%
India ??39,211325.5%
Italy ??21,6003453.0%
Australia ??17,6276372.5%
Vietnam ??16,504602.3%
South Korea ??14,5752172.0%
Spain ??14,0891862.0%
United Kingdom ??13,5632001.9%
France ??11,7331481.6%
Netherlands ??10,2133961.4%
Brazil ??7,881221.1%
Turkey ?? (Read more...)

Visualizing Copper Demand for Renewables



The following content is sponsored by Teck.

 

copper demand infographic

Visualizing Copper Demand in a Renewables Powered Future

Renewable energy is considered one of the most effective tools to reduce global carbon emissions and fight climate change. However, building technologies like solar and wind power plants or electric vehicles (EVs) can be a mineral-intensive process.

Copper is considered an essential metal for renewables. The metal is highly conductive, can easily be shaped into pipes, wires, or sheets, and can remove heat far more rapidly than other metals. In fact, copper itself is a sustainable material. The metal is 100% recyclable and can be used repeatedly without any loss of performance.

The above infographic from Teck highlights how global copper demand in both the clean power and the clean transport sectors is expected to double in the next decades.

The Wind and Solar Boom

Copper has long been a common component in most electrical wiring, power generation, transmission, distribution, and circuitry because of its high conductivity and durability.

New energy technologies, however, require even more copper. Photovoltaics (PV) solar power systems contain approximately 5 tonnes (t) per megawatt (MW) of copper, while grid energy storage installations rely on 2.7 to 3.6t per MW.

YearPower Grids (t)EV Batteries (t)Wind (t)Solar (t)EV Charging (t)                   
20201.7M210K165K83K4.2K
20211.7M303K143K85K6.1K
20221.8M454K207K79K (Read more...)

Ranked: The 50 Companies That Use the Highest Percentage of Green Energy


This post is by Anshool Deshmukh from Visual Capitalist


The 50 Companies Using the Highest Percentage of Green Energy

Which Companies Use the Most Green Energy?

Green energy was once a niche segment of the wider energy industry, but it’s quickly becoming an essential energy source in many regions and nations across the globe.

Based on data from the Environmental Protection Agency (EPA), this infographic by SolarPower.Guide shows the top 50 greenest companies, based on the highest proportion of green energy used in their overall consumption mix.

Leaders in Green Energy Use

As green energy becomes more affordable, some major businesses like Google, Wells Fargo, and Apple are embracing it in a big way.

It also helps that institutional investors are nudging companies in that direction anyways, especially as they become more focused on incorporating environment, social and governance (ESG) into their portfolios.

Here are the top 15 U.S. companies that use the highest percentage of green energy:

RankCompanyGreen Power useAnnual Green Power Use (kWh)
#1The Estee Lauder Companies Inc.139%91,843,084
#2Voya Financial120%40,000,000
#3BNY Mellon113%268,000,000
#4Sephora112%112,323,000
#5Bank of America109%1,855,505,589
#6Church & Dwight Co.107%159,445,000
#7Google LLC106%7,492,567,647
#8The Hartford Financial Services Group106%68,835,000
#9Wells Fargo105%1,843,545,975
#10Equinix104%2,360,296,352
#11State Street Corp.104%158,991,503
#12Aldi103%984,430,521
#13Apple Inc.101%2,202,581,271
#14Starbucks101%1,119,392,000
#15TD Bank101%210,209,954

Note: The values reflect the amount of green power as a percentage of a company’s total electricity (Read more...)

Exeger takes $38M to ramp up production of its flexible solar cells for self-powered gadgets



Sweden’s Exeger, which for over a decade has been developing flexible solar cell technology (called Powerfoyle) that it touts as efficient enough to power gadgets solely with light, has taken in another tranche of funding to expand its manufacturing capabilities by opening a second factory in the country.

The $38 million raise is comprised of $20M in debt financing from Swedbank and Swedish Export Credit Corporation (SEK), with a loan amounting to $12M from Swedbank (partly underwritten by the Swedish Export Credit Agency (EKN) under the guarantee of investment credits for companies with innovations) and SEK issuing a loan amounting to $8M (partly underwritten by the pan-EU European Investment Fund (EIF)); along with $18M through a directed share issue to Ilija Batljan Invest AB.

The share issue of 937,500 shares has a transaction share price of $19.2 — which corresponds to a pre-money valuation of $860M for the solar cell maker.

Back in 2019 SoftBank also put $20M into Exeger, in two investments of $10M — entering a strategic partnership to accelerate the global rollout of its tech and further extending its various investments in solar energy.

The Swedish company has also previously received a loan from the Swedish Energy Agency, in 2014, to develop its solar cell tech. But this latest debt financing round is its first on commercial terms (albeit partly underwritten by EKN and EIF).

Exeger says its solar cell tech is the only one that can be printed in free-form and different colors, meaning (Read more...)

How Much Solar Energy is Consumed Per Capita? (1965-2019)


This post is by Iman Ghosh from Visual Capitalist


Press play above to watch how per capita solar energy consumption increases over 54 years.

How Much Solar Energy is Consumed Per Capita?

The long history of solar energy use dates as far back as 4,000 B.C.—when ancient civilizations would use solar architecture to design dwellings that would use more of the sun’s warmth in the winter, while reducing excess heat in the summer.

But despite its long history, we’ve only recently started to rely on solar energy as a renewable power source. This Our World in Data visualization pulls data from BP’s Statistical Review of World Energy to highlight how solar energy consumption per capita has grown in countries around the world over 54 years.

Solar Success: The Top Consumers Per Capita

Solar energy consumption is measured in kilowatt hours (kWh)—and as of the latest estimates, Australia leads the world in terms of highest solar energy consumption per capita at 1,764 kWh in 2019. A combination of factors help achieve this:

  • Optimal weather conditions
  • High gross domestic product (GDP) per capita
  • Tariffs incentivizing the shift to solar

In fact, government subsidies such as financial assistance with installation and feed-in tariffs help bring down the costs of residential solar systems to a mere AUD$1 (US$0.70) per watt.

RankCountrySolar consumption per capita
(kWh, 2019)
Solar’s share of total
(per capita consumption)
#1?? Australia1,7642.50%
#2?? Japan1,4693.59%
#3?? Germany1,4093.22%
#4?? UAE1,0560.77%
#5?? Italy9953.40%
#6?? Greece9363.08%
#7?? Belgium8471.30%
(Read more...)

Chart: The 20 Top Stocks of 2020 by Price Return


This post is by Iman Ghosh from Visual Capitalist


The 20 Top Stocks of 2020

The Briefing

  • In 2020, a handful of companies thrived in the face of the pandemic
  • Medical stocks made up nine of the top 20 stocks, followed by seven in the Tech/Online category

Chart: The 20 Top Stocks of 2020, by Price Return and EPS

In the whirlwind of the pandemic, most businesses experienced chaos. From shuttered physical stores to the rapid rise of online activity, only a select few companies successfully weathered the storm.

We look at the 20 top stocks of 2020 by price return (% change), and earnings per share (EPS), which is an indicator of a company’s profitability.

EPS is calculated by dividing a company’s profit by its outstanding shares of common stock. The higher an EPS value, the more profitable a company is deemed.

A Closer Look at the Leaderboard

Tesla’s value surged in 2020, as it raked in 743.4% in returns—the highest of any stock. In fact, it’s the only automaker to enter this list.

RankCompanyIndustry% ChangeEPS, Q3’2020
#1Tesla IncOther (Auto Manufacturer)743.4%$0.27
#2Fiverr International LtdTech/Online (Retail)730.2%-$0.01
#3Twist Bioscience CorpMedical (Biotech)572.8%-$0.36
#4Enphase Energy IncOther (Solar Energy571.5%$0.28
#5Peloton Interactive Cl ATech/Online (Leisure)434.2%$0.20
#6Moderna IncMedical (Biotech)434.1%-$0.59
#7Curevac N VMedical (Biotech)406.7%N/A
#8Sunrun IncOther (Solar Energy)402.4%$0.28
#9Zoom Video Comm Cl ATech/Online (Software)395.8%$0.66
#10Sea Limited Ads Cl ATech/Online (Retail, (Read more...)