Recent Los Angeles Times article, the matter to the attention of the management area significantly intermodaalisena confusion concerning the draft report issued by the California Public Utilities Commission 2009 results. The article stated that the incoming Governor Jerry Brown Visio 33% renewable energies by 2020, to achieve the Californians would cost 60 billion dollars. The article also stated that this goal requires 14,5% the amount of electricity hike.
If the reserved was actually be .gov. Schwarzenegger, which enable the 33% of the mandate of the Executive order, shall be presumed to view these numbers.
The introductory report never completed and the updated analysis was on the other hand, the long-term contracts in accordance with the procedure shunted (r. 10-05-006). The new numbers is shown to be becoming, a wind turbine and solar panel, dramatic reductions in the costs, since 2009, the draft report has been issued.
read as much as $ 60 billion (actually 58.6 billion u.s. dollars) report has a total of all investments in the electricity by 2020 – and not only 33% of the costs of renewable energy sources, the expenditure necessary for the implementation of the mandate.
14,5% hike has been estimated to hike * caused * by * the * report "high distributed generation" scenario, which is based primarily on smaller solar projects fulfil the mandate of the 33% of the projects and other technologies, such as wind and geothermal power, which are cheaper than the Sun instead. 33% of the "reference of the case", it was found that 7.2% hike would result from this situation, the total incremental investments only 3,6 billion dollars (a far cry from 60 billion dollars to the times article noted).
Most importantly the report assumes no reduction in costs of renewable energy sources by 2020. This is already proven wrong because of wind turbines and nonetheless solar panels has fallen considerably in the last couple of years. A solar panel costs, in particular, the dramatically and is projected to decline even further in the coming years, since the industry is finally reached, there are many global production and the placing on the market in a year gigawatts is becoming Saturated. This is good for consumers, but not so good, in the land of the rising sun to producers who are competing in the lowest price. Eventually the price will increase your chances of winning the battle for Earth. See Figure 1, hereinafter referred to as the falling prices of the module for analysis, Solarbuzz since 2001.
More Recently, the two scenarios, one of the 33% higher wind power and other higher out-of-state energy projects found to be even lower costs ratepayers. High wind-scenario would lead to only 2.1 billion dollars by the year 2020 incremental investments and a high level of out-of-state scenario only 1.9 billion dollars.
But does not have that much money? No Yes, 2 billion dollars is a lot of money. But it is all relative. California ratepayers consumes approximately 30 billion dollars per year on electricity. This is the 2 billion dollars by the year 2020 as the additional payments (not for each of the years in mind you can only a lump sum) is a relatively small investment reaches 33% renewable energy, more than 300 billion dollars, compared to the ratepayers pay during this period.
And all figures assume the validity of a preliminary analysis of the report.
It has become apparent, however, that the numbers have changed relatively little of the year and a half since the draft report came out, as already mentioned. The report concludes: "Under the solar PV cost reduction in the total cost of the sensitivity of [high distributed generation] case are very similar to 33% of the costs of the RPS Reference case." And solar PV costs are already down-only and one and one-half years-"solar PV cost reduction" sensitivity level.
California Energy Commission's last report of the energy cost of levelized, shows that the use of renewable energy sources can often be cheaper than conventional fossil fuel energy. Wind power, geothermal, and, in particular the water conduit systems for cable are very cost-effective. And even if the Sun is cheaper when we compare the costs of natural gas in power stations at the peak, solar energy costs are not limited to, facilities which are reliable sources of peak power (see Figure 2).
Figure 2. Levelized cost of energy in the different renewable energy sources. (Source: California Energy Commission, "California Central Station Electricity Generation comparative costs.")
In summary, although we can achieve a 33% by 2020 renewable energy to empower the status of the solar PV generation, mostly it pays the ratepayers relatively small by 2020. Status is displayed at the same time significant job growth, renewable energy sources in the industry, a reduced greenhouse gas emissions, more efficient homes and vehicles, and – probably the biggest advantage –, ensures that Californians continue to take advantage of the jib adjusted to an angle of renewable energy around the world.
A growing number of investors and other leaders have recognised that renewable energy sources is the next great thing. In fact, it is already here and we are in the exponential growth curve – elbow as I you have written about previously. In the next 10, California, which is a not-for-profit, followed by the renewable energy investments in regard to California. They find that fully 25% of all venture capital investments in California moves "cleantech", which includes the promotion of electricity produced from renewable energy sources, energy efficiency and green transportation.
Figure 3. Cleantech Venture capital investments in California. (Source: next 10 2010 green innovation index.)
And Figure 4 shows that the California Green dominates the country, in particular solar tech patents.
Figure 4. California's share of the green tech patents in the United States, expressed as a percentage of the total. (Source: next 10 2010 green innovation index.)
By investing in the 33% of the 2020 renewable energy mandate California ratepayers will see a very small amount will increase by 2020 – and save money in the long term. At the same time, we can ensure that we remain at the leading edge of the State into the world economy.
TAM Hunt, j., is the President, the community renewable Solutions LLC, an investment firm and of renewable energy sources, in consultation with the Community-scale renewable energy project developer. He has its head office in Santa Barbara, California.
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