Alternatively, SRECs allow for a market mechanism to set the price of the solar generated electricity subsity. In this mechanism, a renewable energy production or consumption target is set, and the utility (more technically the Load Serving Entity) is obliged to purchase renewable energy or face a fine (Alternative Compliance Payment or ACP). The producer is credited for an SREC for every 1,000 kWh of electricity produced. If the utility buys this SREC and retires it, they avoid paying the ACP. In principle this system delivers the cheapest renewable energy, since the all solar facilities are eligible and can be installed in the most economic locations. Uncertainties about the future value of SRECs have led to long-term SREC contract markets to give clarity to their prices and allow solar developers to pre-sell and hedge their credits.
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The journal also welcomes papers on other related topics provided that such topics are within the context of the broader multi-disciplinary scope of Renewable Energy. It should be noted, however, that papers are within scope only if they are concerned with power generation and that the power is generated in a renewable or sustainable way. For instance, a paper concerning development and characterisation of a material for use in a renewable energy system, without any measure of the energy that this new material will convert, would be out of scope.
Climate change concerns coupled with high oil prices and increasing government support are driving increasing rates of investment in the sustainable energy industries, according to a trend analysis from the United Nations Environment Programme. According to UNEP, global investment in sustainable energy in 2007 was higher than previous levels, with $148 billion of new money raised in 2007, an increase of 60% over 2006. Total financial transactions in sustainable energy, including acquisition activity, was $204 billion.
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.)
Go-anywhere rechargeable battery pack keeps your handheld gear Go-anywhere rechargeable battery pack keeps your handheld gear going strong. Charge AA/AAA batteries from the sun or any USB port then power your phone MP3 GPS or perk up your tablet in a pinch. Kit included Nomad 7m v2 Solar Panel and Guide 10 Plus power pack. This ultra-lightweight kit ... More + Product Details Close
Between maintenance and repairs, it would greatly help and keep your cost down if you can do some of the work yourself: Being able to safely tilt the turbine tower up or down will save you money. Understanding how the turbine works, how to stop it safely, how to trouble-shoot at least the minor issues can keep you in the black. We understand that installing a wind turbine is not for everyone. In fact, towers are dangerous, and for a good installation the devil is in the details. An experienced installer can make a real difference in putting up a turbine that will work better, and be more reliable over time. We really encourage you to have a professional installer to do the initial installation. However, throwing up your hands and calling your installer for routine maintenance, or every time there is a minor issue, will likely make you an unhappy wind turbine owner (even if it is your installer’s dream).
A solar cell, or photovoltaic cell (PV), is a device that converts light into electric current using the photovoltaic effect. The first solar cell was constructed by Charles Fritts in the 1880s. The German industrialist Ernst Werner von Siemens was among those who recognized the importance of this discovery. In 1931, the German engineer Bruno Lange developed a photo cell using silver selenide in place of copper oxide, although the prototype selenium cells converted less than 1% of incident light into electricity. Following the work of Russell Ohl in the 1940s, researchers Gerald Pearson, Calvin Fuller and Daryl Chapin created the silicon solar cell in 1954. These early solar cells cost 286 USD/watt and reached efficiencies of 4.5–6%.