At the end of 2014, worldwide PV capacity reached at least 177,000 megawatts. Photovoltaics grew fastest in China, followed by Japan and the United States, while Germany remains the world's largest overall producer of photovoltaic power, contributing about 7.0 percent to the overall electricity generation. Italy meets 7.9 percent of its electricity demands with photovoltaic power—the highest share worldwide. For 2015, global cumulative capacity is forecasted to increase by more than 50 gigawatts (GW). By 2018, worldwide capacity is projected to reach as much as 430 gigawatts. This corresponds to a tripling within five years. Solar power is forecasted to become the world's largest source of electricity by 2050, with solar photovoltaics and concentrated solar power contributing 16% and 11%, respectively. This requires an increase of installed PV capacity to 4,600 GW, of which more than half is expected to be deployed in China and India.
There is more trouble with rated power: It only happens at a “rated wind speed”. And the trouble with that is there is no standard for rated wind speed. Since the energy in the wind increases with the cube of the wind speed, it makes a very large difference if rated power is measured at 10 m/s (22 mph), or 12 m/s (27 mph). For example, that 6 meter wind turbine from the previous section could reasonably be expected to produce 5.2 kW at 10 m/s, while it will do 9 kW at 12 m/s!
A turbine that produces around 5 kW worth of energy can produce approximately 8,000 kWh per year, assuming there are decent winds to power it. Given ideal conditions, you will be able to recoup your investment in three to five years, depending on your monthly energy consumption and other related factors. If, however, your property doesn’t get enough wind then it may take a little more time to recover your initial investment.
Buying a wind turbine generator such as the Windmax HY1000 to produce wind energy is not easy and there are a lot of factors to take into account. Price is only one of them. Be sure to choose an electrical machine that meets your needs. If you are installing a grid-connected system, choose an AC mains voltage generator. If you are installing a battery-based system, look for a battery-charging DC generator. Also consider the mechanical design of a generator such as size and weight, operating speed and protection from the environment as it will spend all of its life mounted at the top of a pole or tower.
Manufacturers often claim that their vertical axis turbine is better at extracting power from low speed winds. Unfortunately the laws of physics get in the way here: There is very little power in low speed winds. The blade of a vertical or horizontal type turbine is equally good at extracting that power, though with the vertical type the blades move at an angle to the wind where they do not extract energy for part of every rotation, adding drag and making a vertical type turbine just a little less efficient than a similar sized horizontal one. There is no advantage when it comes to low winds.
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Some of the second-generation renewables, such as wind power, have high potential and have already realised relatively low production costs. At the end of 2008, worldwide wind farm capacity was 120,791 megawatts (MW), representing an increase of 28.8 percent during the year, and wind power produced some 1.3% of global electricity consumption. Wind power accounts for approximately 20% of electricity use in Denmark, 9% in Spain, and 7% in Germany. However, it may be difficult to site wind turbines in some areas for aesthetic or environmental reasons, and it may be difficult to integrate wind power into electricity grids in some cases.
I mounted this turbine in my back yard on the recommended schedule 40 galvanized pipe at about 20' high. My location does not get consistent wind from one direction which is the only way this turbine will spin. Even in gusty conditions of 15-20 mph the turbine rarely spins more than a few revolutions and has not produced any measurable power after a month. If you don't have a steady wind from one direction this turbine will not produce any power at all. You would be better off with a vertical turbine or one with larger blade surface area. The specs say 8 mph start up, that means a consistent 8 mph wind from a single direction. For the money you would be better off with a single 80 watt solar panel.