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: 2588

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

Videos

  • Add Videos
  • View All

Twitter

Latest Activity

Profile IconBarbara Smith and Carl Johnson joined Tom White's group
Thumbnail

Weatherization

Share your concerns and successes as a weatherization professional, or information for this…See More
10 hours ago
Carl Johnson replied to Joel Greenberg's discussion The Truth About Windows? in the group Weatherization
"I think the appeal of replacing windows is largely on the aesthetics for most homeowners. Nobody…"
10 hours ago
Carl Johnson commented on Amber Vignieri's blog post Chicago Winter No Match for Retrofitted Logan Square Building
"Beautiful home! Did Josh replace the windows as well or no? Living in Chicago myself, I know about…"
10 hours ago
Carl Johnson commented on Diane Jackson's blog post Two Addison Projects Win Housing Innovation Awards
"These homes look great! Congrats!"
10 hours ago
Carl Johnson is now a member of Home Energy Pros
11 hours ago
Paul Scheckel posted a blog post

Renewable Rant: Traditional Energy!

Why, when I open up a newsletter or market evaluation report about “traditional energy” markets, do…See More
yesterday
Rob Madden, Solar Home Broker's discussion was featured

Indoor Air Quality Monitors and Meters

I'm considering purchasing the AirAdvice for Homes indoor air quality monitor but it seems to have…See More
yesterday
Luis Hernandez's discussion was featured

ERV Configuration

Greetings everyone,     I did an energy audit on this new home that is too tight and needs…See More
yesterday

© 2016   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service