Renewable sources at a price competitive with fossil

The dramatic decline in the price allows renewable energy to become increasingly competitive with fossil fuels worldwide, according to a recent survey conducted by the International Renewable Energy Agency (IRENA ).

 The report, published at the time of holding the World Future Energy Summit in Abu Dhabi, made projections that the cost of manufacturing technology for more types of renewable energy sources will continue increasing to fall in the coming years.



  More specifically, the technology for which is provided the biggest drop in the price is photovoltaic, concentrated solar power and windmills. Hydro-power technology, and also most technologies for biomass utilization are already developed technologies and it is not expected some big price drop here.

 Solar photovoltaic cells experienced a significant drop in price in recent years. They represent a safe source of energy with a high degree of stability and are not subject to fluctuations in fuel prices, achieving a parity of a number of markets. According the report, with a further decline in prices, parity will soon become the rule, not the exception.

 As far as the technology for wind power, the study reveals that there is a decrease in the total cost of the installation, after the period from 2004 till 2009 when we actually have increasing of the price. The cost of producing of wind turbines, because of the excessive production from the manufacturers of wind turbines, at this point is lower ¼ compared to the price in the U.S. in 2009. Further reduction in prices can cause current big differences in price between Chinese wind turbines and those of Western countries.

 Despite considerable cheaper technologies, the study indicates that the use of renewable energy sources continues to be obstructed, primarily because of the opinion that although viable, they are not economically feasible as fossil fuels.



 In order renewable to become the first option for energy production, it is necessary to continue this increasing of technology and improving its performance. If this happens, it is necessary to introduce and some supportive measures to overcome other obstacles that are not related to price, that undermine the widespread use of renewable energy.

Views: 496

Tags: energy, green, panels, photovoltaic, power, renewable, soar, solar, systems, wind

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Home Energy Pros

Home Energy Pros was founded by the developers of Home Energy Saver Pro (sponsored by the U.S. Department of Energy,) and brought to you in partnership with Home Energy magazine.

Latest Activity

Mst. Fatema Aktar is now a member of Home Energy Pros
6 hours ago
Robert Leone added a discussion to the group Energy Auditing Equipment for Sale, Trade or to Purchase
Thumbnail

Blower Door Package for Sale

Hi,I am selling my blower door with extras as a package or individually. These items are used but…See More
13 hours ago
Profile IconRobert Leone and Richard Vito joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
13 hours ago
Richard Vito joined Sean Lintow Sr's group
Thumbnail

Best Practices (Residential)

Best Building, Retrofitting, or even Auditing Practices - what are they, what should change, what…See More
21 hours ago
Richard Vito joined James Sayers's group
Thumbnail

Marketing Energy Efficiency

Sharing ideas, tools and examples of promoting energy efficiency to consumersSee More
21 hours ago
Richard Vito joined Allison A. Bailes III's group
Thumbnail

HVAC

HVAC design, Manuals J, S, T, & D, Duct leakage, Air flow, ENERGY STAR new home requirements,…See More
21 hours ago
Richard Vito joined Kyle Brown's group
Thumbnail

Wrightsoft - Manual J / Manual D

If you use Wrightsoft to calculate loads or design ducts, you likely have questions.  Get answers…See More
21 hours ago
Jim Gunshinan commented on Jim Gunshinan's blog post Energy Upgrade California—Up Close and Personal
"I had a revelation while attending Bruce Manclark's session of duct leak testing at the Energy…"
yesterday
George J. Nesbitt commented on Jim Gunshinan's blog post Energy Upgrade California—Up Close and Personal
"Blower Door; the 2007 test was a depressurization test, and the 2014 a pressurization test, which…"
yesterday
George J. Nesbitt replied to Kaushal Bharath Raju's discussion Affordability & Deep Energy Upgrade/Passive House Retrofit in Berkeley, California.
"Plan, plan, plan, plan. The 1st step to is to understand the house, how it's built, the…"
yesterday
George J. Nesbitt posted an event

High Performance Windows - A Panel of Experts at Pyramid Alehouse`

April 26, 2014 from 3pm to 5pm
Join a lively panel discussion on high performance windows. We'll cover some basics, as well as…See More
yesterday
Kaushal Bharath Raju replied to Kaushal Bharath Raju's discussion Affordability & Deep Energy Upgrade/Passive House Retrofit in Berkeley, California.
"Hi David, Thanks for pointing out Martin Holiday's article. I do not wish to engage in the…"
yesterday

© 2014   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service