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.[102] 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.[103] 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.[104]
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.
Technologies promote sustainable energy including renewable energy sources, such as hydroelectricity, solar energy, wind energy, wave power,[citation needed] geothermal energy, bioenergy, tidal power and also technologies designed to improve energy efficiency. Costs have decreased immensely throughout the years, and continue to fall. Increasingly, effective government policies support investor confidence and these markets are expanding. Considerable progress is being made in the energy transition from fossil fuels to ecologically sustainable systems, to the point where many studies support 100% renewable energy.
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.
According to a 2011 projection by the International Energy Agency, solar power generators may produce most of the world's electricity within 50 years, reducing the emissions of greenhouse gases that harm the environment. Cedric Philibert, senior analyst in the renewable energy division at the IEA said: "Photovoltaic and solar-thermal plants may meet most of the world's demand for electricity by 2060 – and half of all energy needs – with wind, hydropower and biomass plants supplying much of the remaining generation". "Photovoltaic and concentrated solar power together can become the major source of electricity", Philibert said.[25]
The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India.[2] In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.[3]
×