Problem 1 (0 marks). Assume that by 2015 the fraction of electricity generated from renewable energy sources will have increased to 20 %, with market share growth rate of 1.7 percent per year. If the market penetration of renewable technologies subsequently follows the following growth model, and a 50 % share is reached in 2050, in which year would the market share reach 95%? Assume Pmax is 100 %. r. Pmax P. = P() 1 te-(1-2) mar ANS: Problem 1 (0 marks). Assume that by 2015 the fraction of electricity generated from renewable energy sources will have increased to 20 %, with market share growth rate of 1.7 percent per year. If the market penetration of renewable technologies subsequently follows the following growth model, and a 50 % share is reached in 2050, in which year would the market share reach 95%? Assume Pmax is 100 %. r. Pmax P. = P() 1 te-(1-2) mar ANS