The trouble with rated power is that it does not tell you anything about energy production. Your utility company charges you for the energy you consume, not power. Likewise, for a small wind turbine you should be interested in the energy it will produce, for your particular site, with your particular annual average wind speed. Rated power of the turbine does not do that. To find out about energy production take a look at the tables presented earlier.
At the end of 2006, the Ontario Power Authority (OPA, Canada) began its Standard Offer Program, a precursor to the Green Energy Act, and the first in North America for distributed renewable projects of less than 10 MW. The feed-in tariff guaranteed a fixed price of $0.42 CDN per kWh over a period of twenty years. Unlike net metering, all the electricity produced was sold to the OPA at the given rate.
In 2007, the world's first turbine to create commercial amounts of energy using tidal power was installed in the narrows of Strangford Lough in Ireland. The 1.2 MW underwater tidal electricity generator takes advantage of the fast tidal flow in the lough which can be up to 4m/s. Although the generator is powerful enough to power up to a thousand homes, the turbine has a minimal environmental impact, as it is almost entirely submerged, and the rotors turn slowly enough that they pose no danger to wildlife.
In cases of self consumption of the solar energy, the payback time is calculated based on how much electricity is not purchased from the grid. For example, in Germany, with electricity prices of 0.25 €/kWh and insolation of 900 kWh/kW, one kWp will save €225 per year, and with an installation cost of 1700 €/KWp the system cost will be returned in less than seven years. However, in many cases, the patterns of generation and consumption do not coincide, and some or all of the energy is fed back into the grid. The electricity is sold, and at other times when energy is taken from the grid, electricity is bought. The relative costs and prices obtained affect the economics. In many markets, the price paid for sold PV electricity is significantly lower than the price of bought electricity, which incentivizes self consumption. Moreover, separate self consumption incentives have been used in e.g. Germany and Italy. Grid interaction regulation has also included limitations of grid feed-in in some regions in Germany with high amounts of installed PV capacity. By increasing self consumption, the grid feed-in can be limited without curtailment, which wastes electricity.
By 2040, renewable energy is projected to equal coal and natural gas electricity generation. Several jurisdictions, including Denmark, Germany, the state of South Australia and some US states have achieved high integration of variable renewables. For example, in 2015 wind power met 42% of electricity demand in Denmark, 23.2% in Portugal and 15.5% in Uruguay. Interconnectors enable countries to balance electricity systems by allowing the import and export of renewable energy. Innovative hybrid systems have emerged between countries and regions.
Commercial concentrating solar power (CSP) plants, also called "solar thermal power stations", were first developed in the 1980s. The 377 MW Ivanpah Solar Power Facility, located in California's Mojave Desert, is the world’s largest solar thermal power plant project. Other large CSP plants include the Solnova Solar Power Station (150 MW), the Andasol solar power station (150 MW), and Extresol Solar Power Station (150 MW), all in Spain. The principal advantage of CSP is the ability to efficiently add thermal storage, allowing the dispatching of electricity over up to a 24-hour period. Since peak electricity demand typically occurs at about 5 pm, many CSP power plants use 3 to 5 hours of thermal storage.
Many companies are taking the push for 100 percent renewables seriously because they see it as good business — not just today, but for the long term. At the time of publication, 152 companies of various sizes have made a commitment to go 100 percent renewable through RE100. Big names like Apple and Google have already met their targets, while other companies are looking out further into the future, some as far as 2040. That timeline indicates companies are looking beyond today’s prices and present-day marketing benefits.
As part of the Paris agreement nearly 200 countries, rich and poor, pledged to cut or curb the greenhouse gas emissions they produce through the burning of fossil fuels or the cutting of forests. Countries also pledged to create the Green Climate Fund, mobilizing $100 billion by 2020 from both public funds and private industry to help the poorest nations.
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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."
Wind-generated electricity met nearly 4% of global electricity demand in 2015, with nearly 63 GW of new wind power capacity installed. Wind energy was the leading source of new capacity in Europe, the US and Canada, and the second largest in China. In Denmark, wind energy met more than 40% of its electricity demand while Ireland, Portugal and Spain each met nearly 20%.
Current Texas solar incentives include generous rebates for solar electric and solar hot water systems. When combined with Federal solar rebates your solar panel installation will be approximately 50% less because of the incentives! Our solar installers will be happy to answer your questions and explain the benefits of solar power. Simply click the image below, fill in the form, and a certified solar installer will contact you by phone at your convenience.
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This solar resource map provides a summary of the estimated solar energy available for power generation and other energy applications. It represents the average daily/yearly sum of electricity production from a 1 kW-peak grid-connected solar PV power plant covering the period from 1994/1999/2007 (depending on the geographical region) to 2015. Source: Global Solar Atlas]