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.
The waste we generate ends up in landfills, where it decomposes and produces landfill gas made of approximately 50 percent methane. This gas can be captured and used to fuel electric generators. Since large landfills must burn off this gas to reduce the hazards arising from gas buildup, this method of renewable energy is one of the most successful.
Third-generation technologies are not yet widely demonstrated or commercialised. They are on the horizon and may have potential comparable to other renewable energy technologies, but still depend on attracting sufficient attention and RD&D funding. These newest technologies include advanced biomass gasification, biorefinery technologies, solar thermal power stations, hot dry rock geothermal energy and ocean energy.
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).
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.
Geothermal power plants can operate 24 hours per day, providing base-load capacity, and the world potential capacity for geothermal power generation is estimated at 85 GW over the next 30 years. However, geothermal power is accessible only in limited areas of the world, including the United States, Central America, East Africa, Iceland, Indonesia, and the Philippines. The costs of geothermal energy have dropped substantially from the systems built in the 1970s. Geothermal heat generation can be competitive in many countries producing geothermal power, or in other regions where the resource is of a lower temperature. Enhanced geothermal system (EGS) technology does not require natural convective hydrothermal resources, so it can be used in areas that were previously unsuitable for geothermal power, if the resource is very large. EGS is currently under research at the U.S. Department of Energy.
Green power is a subset of renewable energy and represents those renewable energy resources and technologies that provide the highest environmental benefit. The U.S. Environmental Protection Agency defines green power as electricity produced from solar, wind, geothermal, biogas, biomass and low-impact small hydroelectric sources. Customers often buy green power for avoided environmental impacts and its greenhouse gas reduction benefits.
Similarly, in the United States, the independent National Research Council has noted that "sufficient domestic renewable resources exist to allow renewable electricity to play a significant role in future electricity generation and thus help confront issues related to climate change, energy security, and the escalation of energy costs … Renewable energy is an attractive option because renewable resources available in the United States, taken collectively, can supply significantly greater amounts of electricity than the total current or projected domestic demand."
With Georgetown emerging as a brave new model for a renewable city, it makes sense to ask if others can achieve the same magical balance of more power, less pollution and lower costs. In fact, cities ranging from Orlando to St. Louis to San Francisco to Portland, Oregon, have pledged to run entirely on renewable energy. Those places are much larger than Georgetown, of course, and no one would expect misty Portland to power a light bulb for long with solar energy, which is crucial to Georgetown’s success. But beyond its modest size, abundant sunshine and archetype-busting mayor, Georgetown has another edge, one that’s connected to a cherished Lone Star ideal: freedom.
Solar contractors face many decisions when it comes to finding the best solar design. One important consideration is determining whether to use module-level power electronics (microinverters or DC optimizers). Once costly specialty products, module-level power electronics have made great strides in the last decade and are rapidly growing in popularity. And there’s good reason for…
†Offer is available to Texas residential customers who enroll using the Promotion Code “NIGHTSFREE”. Plan bills a monthly Base Charge, an Energy Charge, and passes through Utility Transmission and Distribution delivery charges. Energy Charges for usage consumed between 9pm and 7am each day is credited back on your bill. The utility charges, including delivery charges for night time hours, are passed through at cost and aggregated on your bill. See Electricity Facts Label for details.
Champion Energy is able to provide green power through the purchase of an environmental trading commodity known as a renewable energy credit (REC). RECs are created when a qualified renewable energy generation facility (like a wind farm or solar array) produces electricity. They represent the added value in terms of renewable energy’s environmental benefits and costs when compared to conventional means of producing power. We buy RECs from wind farms contributing electricity to your local grid, then ‘retire’ those RECs in direct proportion to the amount of energy you consume. In this way, you can be confident that every kWh you use is helping to promote and support the continued development of green energy infrastructure in your area.
“New Wind May Be Cheaper than Old, Reliable Coal” • Wind farms have cost less to build and operate than coal-fired power plants for some time. The trend of lower costs for renewables has crossed a threshold: it is sometimes cheaper to build a brand new wind facility than keep an old coal plant burning, according to Lazard Ltd. [Casper Star-Tribune Online]
Because one obstacle to adopting wind and solar power is reliability—what happens on calm, cloudy days?—recent improvements in energy-storage technology, a.k.a. batteries, are helping accelerate adoption of renewables. Last May, for example, Tucson Electric Power signed a deal for solar energy with storage, which can mitigate (if not entirely resolve) concerns about how to provide power on gray days. The storage upped the energy cost by $15 per megawatt hour. By the end of the year, the Public Service Company of Colorado had been quoted a storage fee that increased the cost of a megawatt hour by only $3 to $7, a drop of more than 50 percent. In a landmark achievement, Tesla installed the world’s largest lithium-ion battery in South Australia last December, to store wind-generated power. But by then Hyundai Electric was at work in the South Korean metropolis of Ulsan on a battery that was 50 percent bigger.
I ask Gore about the lessons he takes from Georgetown. “I think it’s important to pay attention to a CPA who becomes a mayor and takes an objective look at how he can save money for the citizens of his community, even if it means ignoring ideological presuppositions about fossil energy. Especially when the mayor in question is in the heart of oil and gas country.”
The life-cycle greenhouse-gas emissions of solar power are in the range of 22 to 46 gram (g) per kilowatt-hour (kWh) depending on if solar thermal or solar PV is being analyzed, respectively. With this potentially being decreased to 15 g/kWh in the future. For comparison (of weighted averages), a combined cycle gas-fired power plant emits some 400–599 g/kWh, an oil-fired power plant 893 g/kWh, a coal-fired power plant 915–994 g/kWh or with carbon capture and storage some 200 g/kWh, and a geothermal high-temp. power plant 91–122 g/kWh. The life cycle emission intensity of hydro, wind and nuclear power are lower than solar's as of 2011 as published by the IPCC, and discussed in the article Life-cycle greenhouse-gas emissions of energy sources. Similar to all energy sources were their total life cycle emissions primarily lay in the construction and transportation phase, the switch to low carbon power in the manufacturing and transportation of solar devices would further reduce carbon emissions. BP Solar owns two factories built by Solarex (one in Maryland, the other in Virginia) in which all of the energy used to manufacture solar panels is produced by solar panels. A 1-kilowatt system eliminates the burning of approximately 170 pounds of coal, 300 pounds of carbon dioxide from being released into the atmosphere, and saves up to 105 gallons of water consumption monthly.
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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.