Through collaboration, smaller buyers can benefit from economies of scale, while larger buyers can continue to see cost benefits while achieving their renewable energy goals. Aggregation allows companies to procure in a mutually beneficial way with relatively little give and take. For that reason, RMI believes this marks “the beginning of a trend,” Haley said.
In 2014 global wind power capacity expanded 16% to 369,553 MW. Yearly wind energy production is also growing rapidly and has reached around 4% of worldwide electricity usage, 11.4% in the EU, and it is widely used in Asia, and the United States. In 2015, worldwide installed photovoltaics capacity increased to 227 gigawatts (GW), sufficient to supply 1 percent of global electricity demands. Solar thermal energy stations operate in the United States and Spain, and as of 2016, the largest of these is the 392 MW Ivanpah Solar Electric Generating System in California. The world's largest geothermal power installation is The Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18% of the country's automotive fuel. Ethanol fuel is also widely available in the United States.
In 2004, the German government introduced the first large-scale feed-in tariff system, under the German Renewable Energy Act, which resulted in explosive growth of PV installations in Germany. At the outset the FIT was over 3x the retail price or 8x the industrial price. The principle behind the German system is a 20-year flat rate contract. The value of new contracts is programmed to decrease each year, in order to encourage the industry to pass on lower costs to the end users. The programme has been more successful than expected with over 1GW installed in 2006, and political pressure is mounting to decrease the tariff to lessen the future burden on consumers.
Most small wind turbines do not perform quite as well as their manufacturers want you to believe. That should come as no surprise at this point. What may be surprising is that even the turbines of the more honourable manufacturers that are honest about performance fall short, more often than not. The likely cause is turbulence and improper site selection.
Most current solar power plants are made from an array of similar units where each unit is continuously adjusted, e.g., with some step motors, so that the light converter stays in focus of the sun light. The cost of focusing light on converters such as high-power solar panels, Stirling engine, etc. can be dramatically decreased with a simple and efficient rope mechanics. In this technique many units are connected with a network of ropes so that pulling two or three ropes is sufficient to keep all light converters simultaneously in focus as the direction of the sun changes.
Smart grid refers to a class of technology people are using to bring utility electricity delivery systems into the 21st century, using computer-based remote control and automation. These systems are made possible by two-way communication technology and computer processing that has been used for decades in other industries. They are beginning to be used on electricity networks, from the power plants and wind farms all the way to the consumers of electricity in homes and businesses. They offer many benefits to utilities and consumers—mostly seen in big improvements in energy efficiency on the electricity grid and in the energy users’ homes and offices.
A few localities have exploited the attention-getting nature of wind turbines by placing them on public display, either with visitor centers around their bases, or with viewing areas farther away. The wind turbines are generally of conventional horizontal-axis, three-bladed design, and generate power to feed electrical grids, but they also serve the unconventional roles of technology demonstration, public relations, and education.
Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18 percent of the country's automotive fuel. As a result of this, together with the exploitation of domestic deep water oil sources, Brazil, which years ago had to import a large share of the petroleum needed for domestic consumption, recently reached complete self-sufficiency in oil.
Construction of the Salt Tanks which provide efficient thermal energy storage so that output can be provided after the sun goes down, and output can be scheduled to meet demand requirements. The 280 MW Solana Generating Station is designed to provide six hours of energy storage. This allows the plant to generate about 38 percent of its rated capacity over the course of a year.
Since 2013 the world's highest-situated wind turbine was made and installed by WindAid and is located at the base of the Pastoruri Glacier in Peru at 4,877 meters (16,001 ft) above sea level. The site uses the WindAid 2.5 kW wind generator to supply power to a small rural community of micro entrepreneurs who cater to the tourists who come to the Pastoruri glacier.
The primary obstacle that is preventing the large scale implementation of solar powered energy generation is the inefficiency of current solar technology. Currently, photovoltaic (PV) panels only have the ability to convert around 24% of the sunlight that hits them into electricity. At this rate, solar energy still holds many challenges for widespread implementation, but steady progress has been made in reducing manufacturing cost and increasing photovoltaic efficiency. Both Sandia National Laboratories and the National Renewable Energy Laboratory (NREL), have heavily funded solar research programs. The NREL solar program has a budget of around $75 million  and develops research projects in the areas of photovoltaic (PV) technology, solar thermal energy, and solar radiation. The budget for Sandia’s solar division is unknown, however it accounts for a significant percentage of the laboratory’s $2.4 billion budget. Several academic programs have focused on solar research in recent years. The Solar Energy Research Center (SERC) at University of North Carolina (UNC) has the sole purpose of developing cost effective solar technology. In 2008, researchers at Massachusetts Institute of Technology (MIT) developed a method to store solar energy by using it to produce hydrogen fuel from water. Such research is targeted at addressing the obstacle that solar development faces of storing energy for use during nighttime hours when the sun is not shining. In February 2012, North Carolina-based Semprius Inc., a solar development company backed by German corporation Siemens, announced that they had developed the world’s most efficient solar panel. The company claims that the prototype converts 33.9% of the sunlight that hits it to electricity, more than double the previous high-end conversion rate. Major projects on artificial photosynthesis or solar fuels are also under way in many developed nations.
The most common type of residential solar is called solar PV. The PV stands for “photovoltaic,” and a solar PV system is a electrical system that consists of solar panels, an inverter, a meter, and a few other components (mounting, cabling, etc.). A solar PV system requires little to no maintenance for years, and if you’re in a place with the right amount of sunlight, you can end up saving money, while also going green.
The energy payback time (EPBT) of a power generating system is the time required to generate as much energy as is consumed during production and lifetime operation of the system. Due to improving production technologies the payback time has been decreasing constantly since the introduction of PV systems in the energy market. In 2000 the energy payback time of PV systems was estimated as 8 to 11 years and in 2006 this was estimated to be 1.5 to 3.5 years for crystalline silicon PV systems and 1–1.5 years for thin film technologies (S. Europe). These figures fell to 0.75–3.5 years in 2013, with an average of about 2 years for crystalline silicon PV and CIS systems.
Many residential PV systems are connected to the grid wherever available, especially in developed countries with large markets. In these grid-connected PV systems, use of energy storage is optional. In certain applications such as satellites, lighthouses, or in developing countries, batteries or additional power generators are often added as back-ups. Such stand-alone power systems permit operations at night and at other times of limited sunlight.