In the mid-1990s, development of both, residential and commercial rooftop solar as well as utility-scale photovoltaic power stations, began to accelerate again due to supply issues with oil and natural gas, global warming concerns, and the improving economic position of PV relative to other energy technologies. In the early 2000s, the adoption of feed-in tariffs—a policy mechanism, that gives renewables priority on the grid and defines a fixed price for the generated electricity—led to a high level of investment security and to a soaring number of PV deployments in Europe.
Alternatively, SRECs allow for a market mechanism to set the price of the solar generated electricity subsity. In this mechanism, a renewable energy production or consumption target is set, and the utility (more technically the Load Serving Entity) is obliged to purchase renewable energy or face a fine (Alternative Compliance Payment or ACP). The producer is credited for an SREC for every 1,000 kWh of electricity produced. If the utility buys this SREC and retires it, they avoid paying the ACP. In principle this system delivers the cheapest renewable energy, since the all solar facilities are eligible and can be installed in the most economic locations. Uncertainties about the future value of SRECs have led to long-term SREC contract markets to give clarity to their prices and allow solar developers to pre-sell and hedge their credits.
Going forward, there is hope for the small wind future! Certification programs are under way in various places to provide real turbine performance data. In North America this is being spearheaded by the Small Wind Certification Council, which requires third-party certification of turbine performance in a standardized fashion. Manufacturers will no longer be able to fudge power curves, or specify ‘rated power’ at hurricane-force wind speeds. This will allow you, the consumer, to compare turbines on a much more even footing.
Renewable energy projects in many developing countries have demonstrated that renewable energy can directly contribute to poverty reduction by providing the energy needed for creating businesses and employment. Renewable energy technologies can also make indirect contributions to alleviating poverty by providing energy for cooking, space heating, and lighting. Renewable energy can also contribute to education, by providing electricity to schools.
Large national and regional research projects on artificial photosynthesis are designing nanotechnology-based systems that use solar energy to split water into hydrogen fuel. and a proposal has been made for a Global Artificial Photosynthesis project In 2011, researchers at the Massachusetts Institute of Technology (MIT) developed what they are calling an "Artificial Leaf", which is capable of splitting water into hydrogen and oxygen directly from solar power when dropped into a glass of water. One side of the "Artificial Leaf" produces bubbles of hydrogen, while the other side produces bubbles of oxygen.
In the case of a “wind turbine generator”, the wind pushes directly against the blades of the turbine, which converts the linear motion of the wind into the rotary motion necessary to spin the generators rotor and the harder the wind pushes, the more electrical energy can be generated. Then it is important to have a good wind turbine blade design to extract as much energy out of the wind as possible.
When power flows from the generator to your house, electrons get mixed together on the wires. You can't specify which electrons you get, but you can make sure that your money goes to support clean, sustainable generators, which has the effect of making the whole system "greener". To do this, you will need to look closely at utility marketing claims and materials. To ensure that the claims are truthful, many states now require disclosure labels, just like the nutrition labels on food packages. But don't hesitate to ask for more information directly from potential suppliers, including the percentage of power derived from each fuel source and the level of each of the above emissions compared with the regional average.
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.”
Japan and China have national programs aimed at commercial scale Space-Based Solar Power (SBSP). The China Academy of Space Technology (CAST) won the 2015 International SunSat Design Competition with this video of their Multi-Rotary Joint design. Proponents of SBSP claim that Space-Based Solar Power would be clean, constant, and global, and could scale to meet all planetary energy demand. A recent multi-agency industry proposal (echoing the 2008 Pentagon recommendation) won the SECDEF/SECSTATE/USAID Director D3 (Diplomacy, Development, Defense) Innovation Challenge.
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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.