Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies.[100] Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today".[100] A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."[101]

Large national and regional research projects on artificial photosynthesis are designing nanotechnology-based systems that use solar energy to split water into hydrogen fuel.[52] and a proposal has been made for a Global Artificial Photosynthesis project[53] In 2011, researchers at the Massachusetts Institute of Technology (MIT) developed what they are calling an "Artificial Leaf", which is capable of splitting water into hydrogen and oxygen directly from solar power when dropped into a glass of water. One side of the "Artificial Leaf" produces bubbles of hydrogen, while the other side produces bubbles of oxygen.[54]


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.
Artificial photosynthesis uses techniques including nanotechnology to store solar electromagnetic energy in chemical bonds by splitting water to produce hydrogen and then using carbon dioxide to make methanol.[182] Researchers in this field are striving to design molecular mimics of photosynthesis that utilize a wider region of the solar spectrum, employ catalytic systems made from abundant, inexpensive materials that are robust, readily repaired, non-toxic, stable in a variety of environmental conditions and perform more efficiently allowing a greater proportion of photon energy to end up in the storage compounds, i.e., carbohydrates (rather than building and sustaining living cells).[183] However, prominent research faces hurdles, Sun Catalytix a MIT spin-off stopped scaling up their prototype fuel-cell in 2012, because it offers few savings over other ways to make hydrogen from sunlight.[184]

The Vestas V164 has a rated capacity of 8 MW,[79] later upgraded to 9.5 MW.[80][81] The wind turbine has an overall height of 220 m (722 ft), a diameter of 164 m (538 ft), is for offshore use, and is the world's largest-capacity wind turbine since its introduction in 2014. The conventional drive train consist of a main gearbox and a medium speed PM generator. Prototype installed in 2014 at the National Test Center Denmark nearby Østerild. Series production began end of 2015.

Artificial photosynthesis uses techniques including nanotechnology to store solar electromagnetic energy in chemical bonds by splitting water to produce hydrogen and then using carbon dioxide to make methanol.[182] Researchers in this field are striving to design molecular mimics of photosynthesis that utilize a wider region of the solar spectrum, employ catalytic systems made from abundant, inexpensive materials that are robust, readily repaired, non-toxic, stable in a variety of environmental conditions and perform more efficiently allowing a greater proportion of photon energy to end up in the storage compounds, i.e., carbohydrates (rather than building and sustaining living cells).[183] However, prominent research faces hurdles, Sun Catalytix a MIT spin-off stopped scaling up their prototype fuel-cell in 2012, because it offers few savings over other ways to make hydrogen from sunlight.[184]

Green energy, however, utilizes energy sources that are readily available all over the world, including in rural and remote areas that don't otherwise have access to electricity. Advances in renewable energy technologies have lowered the cost of solar panels, wind turbines and other sources of green energy, placing the ability to produce electricity in the hands of the people rather than those of oil, gas, coal and utility companies.


Renewable energy, after its generation, needs to be stored in a medium for use with autonomous devices as well as vehicles. Also, to provide household electricity in remote areas (that is areas which are not connected to the mains electricity grid), energy storage is required for use with renewable energy. Energy generation and consumption systems used in the latter case are usually stand-alone power systems.
Many of the largest operational onshore wind farms are located in the USA and China. The Gansu Wind Farm in China has over 5,000 MW installed with a goal of 20,000 MW by 2020. China has several other "wind power bases" of similar size. The Alta Wind Energy Center in California is the largest onshore wind farm outside of China, with a capacity of 1020 MW of power.[141] Europe leads in the use of wind power with almost 66 GW, about 66 percent of the total globally, with Denmark in the lead according to the countries installed per-capita capacity.[142] As of February 2012, the Walney Wind Farm in United Kingdom is the largest offshore wind farm in the world at 367 MW, followed by Thanet Wind Farm (300 MW), also in the UK.
Jump up ^ Artificial photosynthesis as a frontier technology for energy sustainability. Thomas Faunce, Stenbjorn Styring, Michael R. Wasielewski, Gary W. Brudvig, A. William Rutherford, Johannes Messinger, Adam F. Lee, Craig L. Hill, Huub deGroot, Marc Fontecave, Doug R. MacFarlane, Ben Hankamer, Daniel G. Nocera, David M. Tiede, Holger Dau, Warwick Hillier, Lianzhou Wang and Rose Amal. Energy Environ. Sci., 2013, Advance Article doi:10.1039/C3EE40534F

Most small wind turbines do not perform quite as well as their manufacturers want you to believe. That should come as no surprise at this point. What may be surprising is that even the turbines of the more honourable manufacturers that are honest about performance fall short, more often than not. The likely cause is turbulence and improper site selection.
Many residential PV systems are connected to the grid wherever available, especially in developed countries with large markets.[10] In these grid-connected PV systems, use of energy storage is optional. In certain applications such as satellites, lighthouses, or in developing countries, batteries or additional power generators are often added as back-ups. Such stand-alone power systems permit operations at night and at other times of limited sunlight.
×