this post was submitted on 18 Nov 2023
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146
'Energy independent' Uruguay runs on 100% renewables for four straight months (theprogressplaybook.com)
submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@beehaw.org
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[–] sculd@beehaw.org 2 points 11 months ago

Additional sources:

International Trade Administration: https://www.trade.gov/country-commercial-guides/uruguay-renewable-energy-equipment

DW: https://www.dw.com/en/uruguay-leads-green-energy-charge-in-latin-america/a-59492982

NPR: https://www.tspr.org/2023-11-10/uruguay-is-a-renewable-energy-utopia-how-did-it-get-there

[–] Tak@lemmy.ml 1 points 11 months ago (1 children)

12% of Uruguay's GDP into renewables to get there. That's impressive.

12% of the US' GDP would be 2.7 trillion dollars. Or a bit more than 3 years of the US millitary budget.

[–] min0nim@aussie.zone 2 points 11 months ago

It’s not even quite that - the article suggested they raised the commercial equivalent of the 12% through competitive auction. These allow the bidders a set price over 20 years.

So it’s cheaper than buying in fossil fuels, the suppliers get certainty, and they achieve close to complete decarbonisation using private investment.

How good is that?