Shi Zhengrong has said that, as of 2012, unsubsidised solar power is already competitive with fossil fuels in India, Hawaii, Italy and Spain. He said "We are at a tipping point. No longer are renewable power sources like solar and wind a luxury of the rich. They are now starting to compete in the real world without subsidies". "Solar power will be able to compete without subsidies against conventional power sources in half the world by 2015".
Other renewable energy technologies are still under development, and include cellulosic ethanol, hot-dry-rock geothermal power, and marine energy. These technologies are not yet widely demonstrated or have limited commercialization. Many are on the horizon and may have potential comparable to other renewable energy technologies, but still depend on attracting sufficient attention and research, development and demonstration (RD&D) funding.
A Darrieus type vertical axis wind turbine (the egg-beater type) can in theory work almost as good as a horizontal axis turbine. Actual measurement of one of the better designs out there, the UGE VisionAir5, does not bear that out though: It measures in at a pitiful 11% efficiency at 11 m/s wind speed, while a Bergey Excel-6 HAWT clocks in at 22% efficiency for that same wind speed, twice as much. You can read about it in Paul Gipe’s article. Besides efficiency issues, a Darrieus VAWT unfortunately has a number of inherent issues that put them at a disadvantage: Since they are usually tall and relatively narrow structures the bending forces on their main bearing (at the bottom) are very large. There are similar issues with the forces on the blades. This means that to make a reliable vertical axis turbine takes more material, and more expensive materials, in comparison to a horizontal type turbine. For comparison, that same UGE VisionAir5 weighs 756 kg vs. the Bergey Excel-6 at 350 kg. Keep in mind that the UGE turbine only sweeps about half the area of the Bergey, the latter is a much larger turbine! This makes VAWTs inherently more expensive, or less reliable, or both.
Al Gore says the reason is innovation. “The cost-reduction curve that came to technologies like computers, smartphones and flat-panel televisions has come to solar energy, wind energy and battery storage,” he says. “I remember being startled decades ago when people first started to explain to me that the cost of computing was being cut in half every 18 to 24 months. And now this dramatic economic change has begun to utterly transform the electricity markets.”
Due to increased technology and wide implementation, the global glass fiber market might reach US$17.4 billion by 2024, compared to US$8.5 billion in 2014. Since it is the most widely used material for reinforcement in composites around the globe, the expansion of end use applications such as construction, transportation and wind turbines has fueled its popularity. Asia Pacific held the major share of the global market in 2014 with more than 45% volume share. However China is currently the largest producer. The industry receives subsidies from the Chinese government allowing them to export it cheaper to the US and Europe. However, due to the higher demand in the near future some price wars have started to developed to implement anti dumping strategies such as tariffs on Chinese glass fiber.
Renewable energy resources exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency is resulting in significant energy security, climate change mitigation, and economic benefits. The results of a recent review of the literature concluded that as greenhouse gas (GHG) emitters begin to be held liable for damages resulting from GHG emissions resulting in climate change, a high value for liability mitigation would provide powerful incentives for deployment of renewable energy technologies. In international public opinion surveys there is strong support for promoting renewable sources such as solar power and wind power. At the national level, at least 30 nations around the world already have renewable energy contributing more than 20 percent of energy supply. National renewable energy markets are projected to continue to grow strongly in the coming decade and beyond. Some places and at least two countries, Iceland and Norway generate all their electricity using renewable energy already, and many other countries have the set a goal to reach 100% renewable energy in the future. For example, in Denmark the government decided to switch the total energy supply (electricity, mobility and heating/cooling) to 100% renewable energy by 2050.
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect.