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."
While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Former United Nations Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity. As most of renewables provide electricity, renewable energy deployment is often applied in conjunction with further electrification, which has several benefits: Electricity can be converted to heat (where necessary generating higher temperatures than fossil fuels), can be converted into mechanical energy with high efficiency and is clean at the point of consumption. In addition to that electrification with renewable energy is much more efficient and therefore leads to a significant reduction in primary energy requirements, because most renewables don't have a steam cycle with high losses (fossil power plants usually have losses of 40 to 65%).
A hybrid system combines (C)PV and CSP with one another or with other forms of generation such as diesel, wind and biogas. The combined form of generation may enable the system to modulate power output as a function of demand or at least reduce the fluctuating nature of solar power and the consumption of non renewable fuel. Hybrid systems are most often found on islands.
Turbines used in wind farms for commercial production of electric power are usually three-bladed. These have low torque ripple, which contributes to good reliability. The blades are usually colored white for daytime visibility by aircraft and range in length from 20 to 80 meters (66 to 262 ft). The size and height of turbines increase year by year. Offshore wind turbines are built up to 8(MW) today and have a blade length up to 80 meters (260 ft). Usual tubular steel towers of multi megawatt turbines have a height of 70 m to 120 m and in extremes up to 160 m.
Reliance on rare earth minerals for components has risked expense and price volatility as China has been main producer of rare earth minerals (96% in 2009) and had been reducing its export quotas of these materials. In recent years, however, other producers have increased production of rare earth minerals and China has removed its reduced export quota on rare earths leading to an increased supply and decreased cost of rare earth minerals, increasing the viability of the implementation of variable speed generators in wind turbines on a large scale.
Conventional hydroelectricity works very well in conjunction with solar power, water can be held back or released from a reservoir behind a dam as required. Where a suitable river is not available, pumped-storage hydroelectricity uses solar power to pump water to a high reservoir on sunny days then the energy is recovered at night and in bad weather by releasing water via a hydroelectric plant to a low reservoir where the cycle can begin again. However, this cycle can lose 20% of the energy to round trip inefficiencies, this plus the construction costs add to the expense of implementing high levels of solar power.
“Renewable Energy Market to Garner $2,152 Billion by 2025, Reveals Report” • According to a report published by Allied Market Research, renewables industries will very likely result in an impressive growth for the entire market. It projects the global renewable energy market is to reach in excess of $2,152 billion by 2025. [Interesting Engineering]
Bioethanol is an alcohol made by fermentation, mostly from carbohydrates produced in sugar or starch crops such as corn, sugarcane, or sweet sorghum. Cellulosic biomass, derived from non-food sources such as trees and grasses is also being developed as a feedstock for ethanol production. Ethanol can be used as a fuel for vehicles in its pure form, but it is usually used as a gasoline additive to increase octane and improve vehicle emissions. Bioethanol is widely used in the USA and in Brazil. Biodiesel can be used as a fuel for vehicles in its pure form, but it is usually used as a diesel additive to reduce levels of particulates, carbon monoxide, and hydrocarbons from diesel-powered vehicles. Biodiesel is produced from oils or fats using transesterification and is the most common biofuel in Europe.
^ Jump up to: a b Werner, Jürgen H. (2 November 2011). "Toxic Substances In Photovoltaic Modules" (PDF). postfreemarket.net. Institute of Photovoltaics, University of Stuttgart, Germany - The 21st International Photovoltaic Science and Engineering Conference 2011 Fukuoka, Japan. p. 2. Archived from the original (PDF) on 23 September 2014. Retrieved 23 September 2014.
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.