Economic Competitiveness of Renewable Energy

Provides a comprehensive picture of today s energy world, describes the potential for energy savings that can be achieved, and analyzes the technology developments which will lead to a 100% renewable energy-powered world The world is at the crossroads of either quickly changing the energy picture towards implementing efficient renewable energy sources or postponing this process by another generation. Based on the author s more than 30 years industrial experience, this book gives a set of assumptions by extrapolating known technology developments and shows that 100% coverage by renewable technology of global energy needs is much more probable than previously argued. Basic facts using &quote;rule of thumb&quote; and &quote;order-of-magnitude&quote; considerations underpin the author s argument. The book shows how energy efficiency technologies will be able to drastically reduce the energy consumption for the same quality of life. The most relevant renewable energy technologies are discussed. Solar photovoltaic, solar thermal concentrators, solar thermal wind, as well as biomass and biofuels, hydro, geothermal, wave, and tidal technologies are debated. The conclusion of this unique book shows how and why the renewable technologies will be cost competitive and even superior to the traditional technologies in the mid-term. Market-pull instead of technology-push provide the increase of the cumulative installed volume of the new renewable technologies, thereby driving down the specific price of the critical components along Price Experience Curves.