It is hard to beat the advantages of solar: No moving parts. Warranties of 25 years are common for PV modules. No maintenance, other than the occasional hosing-off if you live in a dusty place. The installed price of a 6 kW wind turbine on a good height tower is about $50,000 (and we are not even counting the money you are going to sink into maintenance of that wind turbine). At the time of this writing, half that money will buy you about 7 kW of installed solar panels. In our not-so-sunny Ottawa location those solar modules will produce around 8,000 kWh of electrical energy per average year, and they will do that for 30 years or more.
Energy engineering Oil refinery Fossil-fuel power station Cogeneration Integrated gasification combined cycle Electric power Nuclear power Nuclear power plant Radioisotope thermoelectric generator Solar power Photovoltaic system Concentrated solar power Solar thermal energy Solar power tower Solar furnace Wind power Wind farm High-altitude wind power Geothermal power Hydropower Hydroelectricity Wave farm Tidal power Biomass
Renewable energy projects in many developing countries have demonstrated that renewable energy can directly contribute to poverty reduction by providing the energy needed for creating businesses and employment. Renewable energy technologies can also make indirect contributions to alleviating poverty by providing energy for cooking, space heating, and lighting. Renewable energy can also contribute to education, by providing electricity to schools.[140]

Wave power, which captures the energy of ocean surface waves, and tidal power, converting the energy of tides, are two forms of hydropower with future potential; however, they are not yet widely employed commercially. A demonstration project operated by the Ocean Renewable Power Company on the coast of Maine, and connected to the grid, harnesses tidal power from the Bay of Fundy, location of world's highest tidal flow. Ocean thermal energy conversion, which uses the temperature difference between cooler deep and warmer surface waters, has currently no economic feasibility.

As the cost of solar electricity has fallen, the number of grid-connected solar PV systems has grown into the millions and utility-scale solar power stations with hundreds of megawatts are being built. Solar PV is rapidly becoming an inexpensive, low-carbon technology to harness renewable energy from the Sun. The current largest photovoltaic power station in the world is the 850 MW Longyangxia Dam Solar Park, in Qinghai, China.