The Economic Competitiveness of Renewable Energy: Pathways by Winfried Hoffmann

By Winfried Hoffmann

The realm is on the crossroads of both fast altering the power photograph in the direction of enforcing effective renewable power assets or suspending this strategy via one other generation.  according to the author's greater than 30 years commercial adventure, this booklet offers a collection of assumptions by way of extrapolating recognized expertise advancements and indicates that a hundred% assurance via renewable expertise of the worldwide strength wishes is way extra possible than formerly argued.

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By Winfried Hoffmann

The realm is on the crossroads of both fast altering the power photograph in the direction of enforcing effective renewable power assets or suspending this strategy via one other generation.  according to the author's greater than 30 years commercial adventure, this booklet offers a collection of assumptions by way of extrapolating recognized expertise advancements and indicates that a hundred% assurance via renewable expertise of the worldwide strength wishes is way extra possible than formerly argued.

Show description

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Sample text

Throughout my work life, I have experienced how difficult it is for the traditional energy people to follow the extremely quick 4 The Economic Competitiveness of Renewable Energy developments in the renewable field which is not a surprise. Many decades of experience have shown that changes in the traditional fields only happened very slowly and in most cases in the long run these changes always had a higher cost and price as a result of increasing fuel prices (and various other parameters). Traditional actors simply cannot understand how technology development for wind and PV can lead to such a quick decrease in cost and price as we have seen just over the last decade.

We all remember the catastrophe with BP’s Deep Water Horizon on 20th April, 2010, where about 800 million liters of oil spilled into the sea. Imagine this had happened in the Arctic Ocean, where low temperatures would not have allowed to restore the environment with the help of bacteria as quickly as was the case in the Gulf of Mexico. In the case of shale gas, there are several environmental challenges associated with it which have to be examined very carefully. Let me just name one example where more transparency is definitely needed: even today (2013), companies which perform the fracking are in some countries allowed to refuse disclosure of the chemicals used for this process; in spite of the fact that one of the challenges is the contamination of ground water.

Imagine this had happened in the Arctic Ocean, where low temperatures would not have allowed to restore the environment with the help of bacteria as quickly as was the case in the Gulf of Mexico. In the case of shale gas, there are several environmental challenges associated with it which have to be examined very carefully. Let me just name one example where more transparency is definitely needed: even today (2013), companies which perform the fracking are in some countries allowed to refuse disclosure of the chemicals used for this process; in spite of the fact that one of the challenges is the contamination of ground water.

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