Climate change concerns coupled with high oil prices and increasing government support are driving increasing rates of investment in the sustainable energy industries, according to a trend analysis from the United Nations Environment Programme. According to UNEP, global investment in sustainable energy in 2007 was higher than previous levels, with $148 billion of new money raised in 2007, an increase of 60% over 2006. Total financial transactions in sustainable energy, including acquisition activity, was $204 billion.[64]
Solar power - The most prevalent type of renewable energy, solar power is typically produced using photovoltaic cells, which capture sunlight and turn it into electricity. Solar energy is also used to heat buildings and water, provide natural lighting and cook food. Solar technologies have become inexpensive enough to power everything from small hand-held gadgets to entire neighborhoods.
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Cleaner air and water: Burning fossil fuels releases greenhouse gases (GHG) into the atmosphere. GHG contribute to global climate change, rising sea levels and unpredictable weather patterns that can be costly in terms of human and economic losses. Burning fossil fuels also releases contaminants in to the air and water near the power generation source. Alternative energy sources can produce the same electricity in a greener way. You can shrink your carbon footprint, help curb climate change and reduce air and water pollution when you choose renewable electricity.
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.

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Renewable energy resources and significant opportunities for energy efficiency exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, would result in significant energy security and economic benefits.[8] It would also reduce environmental pollution such as air pollution caused by burning of fossil fuels and improve public health, reduce premature mortalities due to pollution and save associated health costs that amount to several hundred billion dollars annually only in the United States.[21] Renewable energy sources, that derive their energy from the sun, either directly or indirectly, such as hydro and wind, are expected to be capable of supplying humanity energy for almost another 1 billion years, at which point the predicted increase in heat from the sun is expected to make the surface of the earth too hot for liquid water to exist.[22][23]
The conversion of the rotational mechanical power generated by the rotor blades (known as the prime mover) into useful electrical power for use in domestic power and lighting applications or to charge batteries can be accomplished by any one of the following major types of rotational electrical machines commonly used in a wind power generating systems:
Wind turbines do work; put them in nice, smooth air and their energy production is quite predictable (we will get to predicting it a bit further on in this story). The honest manufacturers do not lie or exaggerate, their turbines really can work as advertised in smooth, laminar airflow. However, put that same turbine on a 40 feet tower and even if the annual average wind speed is still 5 m/s at that height, its energy production will fall far short of what you would predict for that value. How short is anybody’s guess, that is part of the point; it is impossible to predict the effect of turbulence other than that it robs the energy production potential of any wind turbine. Roof tops, or other locations on a house, make for poor turbine sites. They are usually very turbulent and on top of that their average wind speeds are usually very low.
In terms of ocean energy, another third-generation technology, Portugal has the world's first commercial wave farm, the Aguçadora Wave Park, under construction in 2007. The farm will initially use three Pelamis P-750 machines generating 2.25 MW.[44][45] and costs are put at 8.5 million euro. Subject to successful operation, a further 70 million euro is likely to be invested before 2009 on a further 28 machines to generate 525 MW.[46] Funding for a wave farm in Scotland was announced in February, 2007 by the Scottish Executive, at a cost of over 4 million pounds, as part of a £13 million funding packages for ocean power in Scotland. The farm will be the world's largest with a capacity of 3 MW generated by four Pelamis machines.[47] (see also Wave farm).
This solar resource map provides a summary of the estimated solar energy available for power generation and other energy applications. It represents the average daily/yearly sum of electricity production from a 1 kW-peak grid-connected solar PV power plant covering the period from 1994/1999/2007 (depending on the geographical region) to 2015. Source: Global Solar Atlas]
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