 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Dallas TX (SPX) Jan 18, 2011 Wind and solar are clean renewable energy sources available across the globe. The business of generating electricity from wind and solar energy is growing and is poised for rapid expansion as the US, China and rest of the world look for cleaner and more sustainable ways to generate electricity. As per Lucintel's estimates the wind energy market is expected to reach $108 billion, the solar photovoltaic (PV) market $101 billion and the solar thermal market to $17 billion by 2016. Investment in renewable energy calls for a proper analysis, therefore Lucintel has performed a analysis of the global wind and solar energy markets and has published a comprehensive research report, "Benchmarking of Wind with Solar Energy 2011-2016: Cost, Profit and Opportunity Benchmarking". As per the study, the cost of generating electricity from wind is low as compare to solar PV and solar thermal. Its low levelized cost gives it a competitive advantage over solar PV and solar thermal. The low capital cost of wind energy further enhances its competitive advantage over solar PV and solar thermal. Typically, the return on investment of wind energy is about 9%, while the ROI of solar PV and solar thermal are both about 8%. Generally, investors will require an ROI of 8% or higher if they are investing in an idea/product. The average internal rate of return for wind energy of 11% also surpasses that of solar energy. Increasing energy consumption, together with government support, will drive renewable energy growth, resulting in a sound future for renewable energy sources. Lucintel's report makes a detailed assessment of the renewable energy industry offering the client a better understanding of the market's current trends and forecasts. Apart from covering the profit and risk analysis of generating power from these renewable energy sources, the report also benchmarks installation and operational costs of solar and wind energy.
Share This Article With Planet Earth
Related Links Lucintel Wind Energy News at Wind Daily
Natural Power Tackle Complex Wind Flow Conditions In Alaska For GVEADalry, UK (SPX) Jan 17, 2011 Natural Power's global technical team have delivered comprehensive energy yield and site assessment studies on a proposed wind farm project in Alaska for non-profit rural electric co-operative Golden Valley Electric Association (GVEA). This has been Natural Power's first involvement in Alaska, and marks a milestone in terms of the rapid growth of the company's activities in North America. ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
