Nice target!

"Portugal has targeted that 45% of the country's total power consumption be from renewable energy by 2010."

WOW!

Portugal buys 500 megawatts of wind power from GE through 2009.

Hydrogen from GM algae

Interview of Richard Heinberg

Author, "Peak Everything Waking up to the Century of Declines."

http://www.netcastdaily.com/broadcast/fsn2007-0922-2.asx

Misdirection by Exxon.

While wind and solar power are expected to grow rapidly, they will account for about 1% of global energy demand by 2030, while 80% of the energy needs will be met by oil and gas, according to Robert C. Olsen, chairman and production director of Exxon Mobil International Ltd. (XOM) Wind and solar power will grow an average of 10.5% a year through 2030, compared with 1.6% average annual growth for coal, gas and oil combined, Olsen estimated. "It will be the conventional energy sources -- oil, natural gas and coal -- that will need to meet the bulk of the world's energy requirements over the coming decades," he commented at the Offshore Europe energy conference in Aberdeen, Scotland.

http://money.cnn.com/news/newsfeeds/articles/djf500/200709041449DOWJONESDJONLINE000590_FORTUNE5.htm

Standard bullshit here.

Prices of many of these technologies are going down RIGHT NOW. Manufacturing of these technologies is ramping up. Early participants have already passed the 1% mark (Germany), and they did so at a premium. Followers will benefit by the investments of the early adopters.

I'd put my target closer to or above 30% by 3030, which includes an explosion in the energy biotech market which is coming within the next three years.

Exxon will buy in, that's for sure, but the last thing they want to do is telegraph future interest.

Nice product by Applied Materials

Applied Materials Revolutionizes Solar Module Manufacturing with Breakthrough SunFab Thin Film Line

Applied Materials, Inc. today introduced its revolutionary Applied SunFab(TM) Thin Film Line, the world's first and only integrated production line for manufacturing thin film silicon solar modules using 5.7 square meter (m2) glass panels. These ultra-large substrates, sized at 2.2m x 2.6m, are four times bigger than today's largest thin film solar production panels. The Applied SunFab Line defines a new standard for the industry that can be replicated by customers around the globe to rapidly establish solar panel manufacturing capacity and achieve the lowest production cost per watt to drive down the cost of solar electricity.


I'd like to see what the costs work out to, but this seems good on first look.