Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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1. Criteria for Assessment To identify key research tasks, the reported renewable energy technologies are examined against a common set of criteria’s, defined in AGE/SWOG report, January 2005. This summary of evaluation renewable energy technologies do not include all the details of their evaluations, which is done in the Chapter B for the evaluated technologies, including some caveats and explanations. Assessment of renewable energy technologies Renewable Energy Technologies against SWOG Evaluation Criteria Criterion Biomass PV Wind Solar Thermal Solar Power Geothermal Hydropower Ocean Energy Potential Economic Contribution at current energy prices some nil some large nil some large some at 2 times current large prob nil large very large poss some large very large large at 4 times current large poss large very large very large poss large very large very large very large Health & Safety Impacts to work force good excellent excellent excellent very good very good very good very good to public excellent excellent excellent excellent very good very good very good very good Environment Friendliness locally good excellent good excel excellent excellent very good good global warming good excellent excel excel excellent excellent excel excel Input Sustainability excel excellent excel excel excellent excellent excellent excellent Security of supply excel excellent excel excel excellent excellent excellent excellent Compatibility with EU needs fair poor in north fair very good good in south site depending site depending site depending Deliverability fair very slow excel excel good good excellent good ? The need for EU - wide R & D good good good good good good fair good Secondary (spin-off) merits excellent excellent good excellent few few few good Special Factors site depending NIMBY site depending site depending site depending site depending on-shore The goal of the evaluation is to identify key R&D tasks which have the greatest potential to change the EU energy scene and which seem likely to realize that potential given well directed R&D effort, but which are unlikely to be developed without an EU-wide involvement. Each technology is assessed against a common set of criteria, in part to test and either confirm or change their judgment about the likely importance of the technology and hence the priority it should be afforded in R&D funding, but also to identify where are its weaknesses, which R&D needs to lessen or remove, and hence to identify the key R&D tasks that are likely to have a decisive impact. The following criteria’s are assessed: (A) Energy source and technologies. (B) Market situation and potential. (C) Attractiveness of technologies. (D) Priorities for augmented R&D. (E) Assessment of technologies. (F) AGE recommendations. The technologies assessed in this report are: Hydropower; Geothermal; Biomass; Wind Energy; Solar Electric (Photovoltaic); Solar Thermal (Solar heating and cooling); Solar High-Temperature (Solar Thermal Power); Ocean Energy. 73

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