Renewable Energy Will Supplant Fossil Fuels & Nuclear Energy: Pacific Wind
Countries and companies are increasingly turning to wind and solar projects because it makes sense for their bottom
lines according to wind generation program manager Reza Sehdehi.
Global use of solar and wind generation has risen by 39% and 12% respectively according to an International Renewable
Agency report released in July. In Germany alone the amount of power generated in wind farms rose by 50% between 2014
and 2015 while almost all other forms of energy production had fallen, some by as much as 7%.
Sehdehi puts this down to the increasing economic and logistical value of wind farms and photovoltaic solar generation
facilities.
"In the last couple of years these renewable energy sources have stopped being just the right thing to use and are now
the smart thing to use," says Sehdehi. "They offer a lot of benefits with low cost of production, reduced investment
costs and increased flexibility to name just a few things."
US investment bank, Lazard LTD, found in a study that while coal cost US$65-$150/MWh to produce unsubsidized and diesel
cost US$212-$281/MWh to produce wind cost US$32-$77/MWh and community solar projects cost US$78-$136/MWh to produce
before any subsidies were supplied.
Report writers also discovered that prices for wind had dropped by as much as 61% in six years, a figure Sehdehi says
could be higher with an INVELOX system.
"Tests we have done have shown that INVELOX systems are able to produce power at US$0.2c/kw at the turbine, which would
have huge implications on costs of power to the consumer."
Wind and solar projects can also be set up and modified quickly according to Sedehi, as opposed to other energy forms
which can sometimes take decades to get approval for and build.
"The most recent completed project on the Palmyra Atoll was approved and constructed in just under four years, while a
test structure in Iran was built, used, and decommissioned after successful tests in three," says Sedehi. "What's more
adding or removing capacity using technologies like solar panels and INVELOX structures can be completed in a matter of
days."
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