Solar and wind are Intermittent energy sources that supply electricity 10-40% of the time. To compensate for this characteristic, it is common to pair their production with already existing hydroelectricity or natural gas generation. In regions where this isn't available, wind and solar can be paired with significantly more expensive pumped-storage hydroelectricity.
The typical cost factors for solar power include the costs of the modules, the frame to hold them, wiring, inverters, labour cost, any land that might be required, the grid connection, maintenance and the solar insolation that location will receive. Adjusting for inflation, it cost $96 per watt for a solar module in the mid-1970s. Process improvements and a very large boost in production have brought that figure down to 68 cents per watt in February 2016, according to data from Bloomberg New Energy Finance. Palo Alto California signed a wholesale purchase agreement in 2016 that secured solar power for 3.7 cents per kilowatt-hour. And in sunny Dubai large-scale solar generated electricity sold in 2016 for just 2.99 cents per kilowatt-hour – "competitive with any form of fossil-based electricity — and cheaper than most."
Some renewable power sources now cost somewhat more than conventional power, because the market for renewable energy is not fully developed and renewables have received fewer subsidies than fossil and nuclear fuels. Also, the damage to the environment and human health—otherwise known as externalities—caused by fossil fuels and nuclear power is not included in electricity prices. Renewable energy needs your support to overcome these barriers and become less expensive in the future. Look into becoming a green power consumer today!
In 2004, natural gas accounted for about 19 percent of the U.S. electricity mix. Use of natural gas is projected to increase dramatically in the next two decades if we continue on our current path, but supplies are limited and imports are increasing. Our growing reliance on natural gas combined with limited supplies makes this fuel subject to price spikes, which can have a significant impact on consumer energy costs. In addition, though natural gas is much cleaner than coal or oil, it does produce global warming emissions when burned. So, while the use of natural gas serves as a good transition to a cleaner future, it is not the ultimate solution.
Coal is our dirtiest source of energy. It releases more harmful pollutants into the atmosphere than any other energy source and produces a quarter of the nation’s global warming emissions. If we are going to effectively reduce air pollution and address global warming, we need to shut down the oldest, dirtiest coal plants—and not build new ones to replace them.
So does it make a difference what type of electrical generator we can use to produce wind power. The simple answer is both Yes and No, as it all depends upon the type of system and application you want. The low voltage DC output from a generator or older style dynamo can be used to charge batteries while the higher AC sinusoidal output from an alternator can be connected directly to the local grid.
While the material cost is significantly higher for all-glass fiber blades than for hybrid glass/carbon fiber blades, there is a potential for tremendous savings in manufacturing costs when labor price is considered. Utilizing carbon fiber enables for simpler designs that use less raw material. The chief manufacturing process in blade fabrication is the layering of plies. By reducing the number of layers of plies, as is enabled by thinner blade design, the cost of labor may be decreased, and in some cases, equate to the cost of labor for glass fiber blades.
Throughout the country, more than half of all U.S. electricity customers now have an option to purchase some type of green power product from a retail electricity provider. Roughly one-quarter of the nation's utilities offer green power programs to customers, and voluntary retail sales of renewable energy in the United States totaled more than 12 billion kilowatt-hours in 2006, a 40% increase over the previous year.
Only a quarter of the worlds estimated hydroelectric potential of 14,000 TWh/year has been developed, the regional potentials for the growth of hydropower around the world are, 71% Europe, 75% North America, 79% South America, 95% Africa, 95% Middle East, 82% Asia Pacific. However, the political realities of new reservoirs in western countries, economic limitations in the third world and the lack of a transmission system in undeveloped areas, result in the possibility of developing 25% of the remaining potential before 2050, with the bulk of that being in the Asia Pacific area. There is slow growth taking place in Western counties, but not in the conventional dam and reservoir style of the past. New projects take the form of run-of-the-river and small hydro, neither using large reservoirs. It is popular to repower old dams thereby increasing their efficiency and capacity as well as quicker responsiveness on the grid. Where circumstances permit existing dams such as the Russell Dam built in 1985 may be updated with "pump back" facilities for pumped-storage which is useful for peak loads or to support intermittent wind and solar power. Countries with large hydroelectric developments such as Canada and Norway are spending billions to expand their grids to trade with neighboring countries having limited hydro.
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.
Many industrialized nations have installed significant solar power capacity into their grids to supplement or provide an alternative to conventional energy sources while an increasing number of less developed nations have turned to solar to reduce dependence on expensive imported fuels (see solar power by country). Long distance transmission allows remote renewable energy resources to displace fossil fuel consumption. Solar power plants use one of two technologies: