Even with plans to grow as much as 80 percent over the next five years, the city expects to have plenty of energy from these renewable sources. (To be sure, about 2 percent of the time, the Georgetown utility draws electricity derived from fossil fuels. Ross says the city more than compensates at other times by selling excess renewable energy back to the grid—at a profit.)
A recent UK Government document states that "projects are generally more likely to succeed if they have broad public support and the consent of local communities. This means giving communities both a say and a stake". In countries such as Germany and Denmark many renewable projects are owned by communities, particularly through cooperative structures, and contribute significantly to overall levels of renewable energy deployment.
One- to 10-kW turbines can be used in applications such as pumping water. Wind energy has been used for centuries to pump water and grind grain. Although mechanical windmills still provide a sensible, low-cost option for pumping water in low-wind areas, farmers and ranchers are finding that wind-electric pumping is more versatile and they can pump twice the volume for the same initial investment. In addition, mechanical windmills must be placed directly above the well, which may not take advantage of available wind resources. Wind-electric pumping systems can be placed where the wind resource is the best and connected to the pump motor with an electric cable. However, in areas with a low wind resource, mechanical windmills can provide more efficient water pumping.
The typical cost factors for solar power include the costs of the modules, the frame to hold them, wiring, inverters, labour cost, any land that might be required, the grid connection, maintenance and the solar insolation that location will receive. Adjusting for inflation, it cost $96 per watt for a solar module in the mid-1970s. Process improvements and a very large boost in production have brought that figure down to 68 cents per watt in February 2016, according to data from Bloomberg New Energy Finance. Palo Alto California signed a wholesale purchase agreement in 2016 that secured solar power for 3.7 cents per kilowatt-hour. And in sunny Dubai large-scale solar generated electricity sold in 2016 for just 2.99 cents per kilowatt-hour – "competitive with any form of fossil-based electricity — and cheaper than most."
The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India. In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.