Emergence of hybrid renewable energy systems

QVARTZ

2016

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Historically, wind has been the leading renewable energy source globally with around 240 GW of installations between 2009 and 2014. During the same period, solar has seen a rise in popularity ending up at installations of around 160 GW. In 2014, 43 GW capacity was added in wind com-pared to 39 GW in solar. Going forward, solar is expected to overtake wind as the renewable energy technology of choice. With the current outlook, the falling solar LCOEs will have the potential to attract investments worth nearly USD 300 billion into solar in the next five years. The shift towards distributed solar in emerging economies is driven by an industrial demand for cheap power, insufficient grid connectivity and increasing cost competitiveness. This ramp-up of solar and wind capacities will represent a combined investment opportunity worth USD 220 billion. Accordingly, renewables are expected to storm the energy landscape, giving rise to significant business opportunities across wind and solar supply chains. One such opportunity is the hybrid renewable energy system, which leverages synergies between the two renewable sources to benefit the producer and consumer alike.

Costos; Energía eólica; Energía solar; Sistemas híbridos de energía; Tecnologías;