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: 2773

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

Featured Forum Discussions

Too many BTU's. Too much horsepower?

Started by Steve in General Forum. Last reply by Eric Kjelshus on Saturday. 4 Replies

Stack/wind pressure and flow networks.

Started by Daniel James Grundy in Training. Last reply by Daniel James Grundy on Thursday. 5 Replies

BDT with vermiculite in hollow CMU walls?

Started by Brad Cook in General Forum. Last reply by John Nicholas on Thursday. 2 Replies

Strange IR Image

Started by Larry Nissman in General Forum. Last reply by Brad Cook Mar 9. 7 Replies

Videos

  • Add Videos
  • View All

Latest Activity

Home Energy Magazine's blog post was featured

The Elephant in the Room

Last week I attended the annual Home Performance Coalition (HPC) Conference & Trade Show in…See More
5 hours ago
Lucifer Prescott is now a member of Home Energy Pros
7 hours ago
Home Energy Magazine posted a blog post

The Elephant in the Room

Last week I attended the annual Home Performance Coalition (HPC) Conference & Trade Show in…See More
15 hours ago
Diane Chojnowski replied to Quinn Korzeniecki's discussion Don MacOdrum Receives BPI's 2017 Tony Woods Award and Four Others Inducted in to Hall of Fame in the group Building Performance Institute (BPI)
"Congratulations Mike! Thanks for all you do for the home performance industry!"
17 hours ago
Sarah OConnell's blog post was featured
17 hours ago
Mike Rogers replied to Quinn Korzeniecki's discussion Don MacOdrum Receives BPI's 2017 Tony Woods Award and Four Others Inducted in to Hall of Fame in the group Building Performance Institute (BPI)
"Congratulations to Don! A deep thanks for the honor--and even more thanks to the many who've…"
yesterday
Mike Rogers joined Building Performance Institute's group
Thumbnail

Building Performance Institute (BPI)

BPI is the nation's premier standards development, quality assurance and credentialing organization…See More
yesterday
Horace Douglas Hunt, Jr. replied to eric anderson's discussion Energy auditing equipment for sale in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Have you sold this or still interested in sales of this equipment?"
yesterday

Home Energy Pros

Welcome to Home Energy Pros – the unique digital community by and for those who work in the home energy performance arena.

Home Energy Pros was founded by the developers of Home Energy Saver Pro (supported by the U.S. Department of Energy) and brought to you in partnership with Home Energy magazine.  Home Energy Pros is sponsored by the Better Buildings Residential Network. Please honor our Guidelines

© 2017   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service