Climate change and global warming concerns, coupled with high oil prices, peak oil, and increasing government support, are driving increasing renewable energy legislation, incentives and commercialization. New government spending, regulation and policies helped the industry weather the global financial crisis better than many other sectors. According to a 2011 projection by the International Energy Agency, solar power generators may produce most of the world's electricity within 50 years, reducing the emissions of greenhouse gases that harm the environment.
Geothermal power is cost effective, reliable, sustainable, and environmentally friendly, but has historically been limited to areas near tectonic plate boundaries. Recent technological advances have expanded the range and size of viable resources, especially for applications such as home heating, opening a potential for widespread exploitation. Geothermal wells release greenhouse gases trapped deep within the earth, but these emissions are much lower per energy unit than those of fossil fuels. As a result, geothermal power has the potential to help mitigate global warming if widely deployed in place of fossil fuels.
With investment subsidies, the financial burden falls upon the taxpayer, while with feed-in tariffs the extra cost is distributed across the utilities' customer bases. While the investment subsidy may be simpler to administer, the main argument in favour of feed-in tariffs is the encouragement of quality. Investment subsidies are paid out as a function of the nameplate capacity of the installed system and are independent of its actual power yield over time, thus rewarding the overstatement of power and tolerating poor durability and maintenance. Some electric companies offer rebates to their customers, such as Austin Energy in Texas, which offers $2.50/watt installed up to $15,000.
There is no energy in the wind at those wind speeds, nothing to harvest for the turbine. While it may make you feel good to see your expensive yard toy spin, it is not doing anything meaningful in a breeze like that: To give you some idea, a wind turbine with a diameter of 6 meters (pretty large as small wind turbines go) can realistically produce just 120 Watt at 3.5 m/s wind speed. That same turbine would be rated at 6 kW (or more, see the next section), so energy production at cut-in really is just a drop in the bucket. What is more, due to the way grid-tie inverters work, you are about as likely to be loosing energy around cut-in wind speed to keep the inverter powered, as you are in making any energy, resulting in a net-loss of electricity production.
Those not satisfied with the third-party grid approach to green energy via the power grid can install their own locally based renewable energy system. Renewable energy electrical systems from solar to wind to even local hydro-power in some cases, are some of the many types of renewable energy systems available locally. Additionally, for those interested in heating and cooling their dwelling via renewable energy, geothermal heat pump systems that tap the constant temperature of the earth, which is around 7 to 15 degrees Celsius a few feet underground and increases dramatically at greater depths, are an option over conventional natural gas and petroleum-fueled heat approaches. Also, in geographic locations where the Earth's Crust is especially thin, or near volcanoes (as is the case in Iceland) there exists the potential to generate even more electricity than would be possible at other sites, thanks to a more significant temperature gradient at these locales.
Biofuels include a wide range of fuels which are derived from biomass. The term covers solid, liquid, and gaseous fuels. Liquid biofuels include bioalcohols, such as bioethanol, and oils, such as biodiesel. Gaseous biofuels include biogas, landfill gas and synthetic gas. Bioethanol is an alcohol made by fermenting the sugar components of plant materials and it is made mostly from sugar and starch crops. These include maize, sugarcane and, more recently, sweet sorghum. The latter crop is particularly suitable for growing in dryland conditions, and is being investigated by International Crops Research Institute for the Semi-Arid Tropics for its potential to provide fuel, along with food and animal feed, in arid parts of Asia and Africa.
In 2007, the US Congress directed the Department of Energy to report on ways to reduce water consumption by CSP. The subsequent report noted that dry cooling technology was available that, although more expensive to build and operate, could reduce water consumption by CSP by 91 to 95 percent. A hybrid wet/dry cooling system could reduce water consumption by 32 to 58 percent. A 2015 report by NREL noted that of the 24 operating CSP power plants in the US, 4 used dry cooling systems. The four dry-cooled systems were the three power plants at the Ivanpah Solar Power Facility near Barstow, California, and the Genesis Solar Energy Project in Riverside County, California. Of 15 CSP projects under construction or development in the US as of March 2015, 6 were wet systems, 7 were dry systems, 1 hybrid, and 1 unspecified.
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The conversion of the rotational mechanical power generated by the rotor blades (known as the prime mover) into useful electrical power for use in domestic power and lighting applications or to charge batteries can be accomplished by any one of the following major types of rotational electrical machines commonly used in a wind power generating systems:
Plant energy is produced by crops specifically grown for use as fuel that offer high biomass output per hectare with low input energy. Some examples of these plants are wheat, which typically yield 7.5–8 tonnes of grain per hectare, and straw, which typically yield 3.5–5 tonnes per hectare in the UK. The grain can be used for liquid transportation fuels while the straw can be burned to produce heat or electricity. Plant biomass can also be degraded from cellulose to glucose through a series of chemical treatments, and the resulting sugar can then be used as a first generation biofuel.
The market for renewable energy technologies has continued to grow. Climate change concerns and increasing in green jobs, coupled with high oil prices, peak oil, oil wars, oil spills, promotion of electric vehicles and renewable electricity, nuclear disasters and increasing government support, are driving increasing renewable energy legislation, incentives and commercialization. New government spending, regulation and policies helped the industry weather the 2009 economic crisis better than many other sectors.
Renewable energy technologies are getting cheaper, through technological change and through the benefits of mass production and market competition. A 2011 IEA report said: "A portfolio of renewable energy technologies is becoming cost-competitive in an increasingly broad range of circumstances, in some cases providing investment opportunities without the need for specific economic support," and added that "cost reductions in critical technologies, such as wind and solar, are set to continue."
There are more specific questions you’ll have to ask yourself about your location and home—e.g., is my next-door neighbor’s oak tree going to block all my sunlight? You’ll also have to take local weather conditions into consideration. Luckily, there are plenty of other resources to help you find your solar potential. See our Tools section for more info.
Conventional hydroelectricity works very well in conjunction with solar power, water can be held back or released from a reservoir behind a dam as required. Where a suitable river is not available, pumped-storage hydroelectricity uses solar power to pump water to a high reservoir on sunny days then the energy is recovered at night and in bad weather by releasing water via a hydroelectric plant to a low reservoir where the cycle can begin again. However, this cycle can lose 20% of the energy to round trip inefficiencies, this plus the construction costs add to the expense of implementing high levels of solar power.
A: A residential solar PV system can cost anywhere from $25,000 to $35,000, on average. Because of the high cost, a power purchase agreement (PPA), loan, or lease are popular options for financing a solar PV system. Naturally, there are benefits and drawbacks with each option. We won’t cover them in detail here, but you can learn more in our article “Financing Options for Solar Power Explained.”
While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Former United Nations Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity. As most of renewables provide electricity, renewable energy deployment is often applied in conjunction with further electrification, which has several benefits: Electricity can be converted to heat (where necessary generating higher temperatures than fossil fuels), can be converted into mechanical energy with high efficiency and is clean at the point of consumption. In addition to that electrification with renewable energy is much more efficient and therefore leads to a significant reduction in primary energy requirements, because most renewables don't have a steam cycle with high losses (fossil power plants usually have losses of 40 to 65%).
In 2010, the International Energy Agency predicted that global solar PV capacity could reach 3,000 GW or 11% of projected global electricity generation by 2050—enough to generate 4,500 TWh of electricity. Four years later, in 2014, the agency projected that, under its "high renewables" scenario, solar power could supply 27% of global electricity generation by 2050 (16% from PV and 11% from CSP).