Hybrid Power Plants – A Cost Effective Solution to Renewable Energy Sources

Over the last few decades, rapidly growing energy demand and climate change have evolved as issues of global concern. In this backdrop, a broad consensus has emerged in both the scientific and political communities to reduce Greenhouse Gas (GHG) emissions. Given that fossil fuel based energy related activities are the major contributors to GHG emissions; a shift towards alternate energy sources has become mandatory. Therefore, most of the nations are providing adequate policy support for increasing the share of renewables in their energy portfolio. Policy targets for renewable energy have been formulated in at least 66 countries worldwide, including all 27 European Union countries, 29 US states (and D.C.), and nine Canadian provinces. Due to this, global renewable primary energy supply has increased to around 1,500 Mtoe and global renewable power generating capacity increased to around 900 GW by the year 2007.

Scope

• GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the alternative energy industry across the world.

Reasons to buy

• Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry.
• Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today
• Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry
• Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events

Contents

1 TABLE OF CONTENTS


1.1 LIST OF TABLES


1.2 LIST OF FIGURES


2 GLOBALDATA VIEWPOINT

2.1 Summary

3 HYBRID POWER PLANTS – A COST EFFECTIVE SOLUTION TO RENEWABLE ENERGY SOURCES

3.1 Global Renewable Energy Sector – The Bottlenecks
3.2 New Trend in Renewable Energy Sector
3.3 Conclusion

4 RECENT DEVELOPMENTS

4.1 Sep 08, 2008: Denmark To Build Wind Farm In Kattegat
4.2 Sep 02, 2008: 10 MW Solar Thermal Power Plant To Come Up At Nagpur, Maharashtra
4.3 Aug 13, 2008: Lagos State Government Plans For 200 MW Of Power From Wind
4.4 Aug 10, 2008: Syria To Launch First Solar Operated Electricity Station
4.5 Aug 07, 2008: South Korea Plans To Construct Solar Power Plant On Disputed Islets Of Dokdo
4.6 Jul 29, 2008: Kunming In China Plans To Construct A City Run By Solar Energy
4.7 Jul 06, 2008: Germany Plans To Build 30 Wind farms
4.8 Jun 06, 2008: Serbia To Build Its First Solar Power Plant In Belgrade
4.9 Jun 05, 2008: UK To Build 7000 Wind Turbines Off Coast
4.10 Jun 03, 2008: NREL Announces Projects To Enhance Wind Power Across US
4.11 May 15, 2008: Brazil, Germany Sign Co-operation Agreements On Environment And Renewable Energy
4.12 Apr 28, 2008: India Installs 33 Solar PV Power Plants For Energy
4.13 Apr 22, 2008: CCEF Installs Three Solar PV Projects
4.14 Apr 21, 2008: Apple Valley Opposes Wind Turbines At Granite Mountain
4.15 Apr 18, 2008: Wind Power Projects Add To ADB Effort To Help India's Private Sector Develop Cleaner Power Sources
4.16 Apr 17, 2008: US Governemnt To Boost Wind And Ocean Power Projects
4.17 Apr 17, 2008: New Zealand Plans To Build Wind Farm In Antarctica
4.18 Apr 09, 2008: Solar Power Project Launched In Boston
4.19 Apr 07, 2008: Sacramento Receives $200,000 Energy Grant From DOE For Solar Energy Projects
4.20 Apr 07, 2008: Alberta Announces $17 Million Bioenergy Grants
4.21 Apr 05, 2008: Launch Of Thermo-Solar Energy Plant In Morocco
4.22 Mar 31, 2008: Los Angeles' DWP Commences Construction On Pine Tree Wind Farm
4.23 Mar 31, 2008: 33 Grid Interactive Solar Photovoltaic Power Plants Installed In India
4.24 Mar 29, 2008: Colorado State To Build Wind Farm To Offset All Energy Use As Part Of Environmental Commitment
4.25 Mar 27, 2008: Navajo To Develop Wind Energy
4.26 Mar 20, 2008: Algeria, Germany Enter Research Agreement To Develop Low- Cost Solar Thermal Power Plants
4.27 Mar 14, 2008: Malta Government To Launch Wind Farm Plans
4.28 Mar 13, 2008: Algeria To Explore Renewable Energy Sources
4.29 Mar 12, 2008: SFPUC Seeks Proposal For Two Solar PV Power Plants
4.30 Mar 10, 2008: Colorado Committee Approves Bill To Develop Solar Power Plants
4.31 Mar 10, 2008: Work Commences On $135 Million South Australia’s Wind Farm
4.32 Feb 20, 2008: New Solar PV Power Plant Opens In Spain
4.33 Feb 19, 2008: Coober Pedy To Get Solar Thermal Power Station
4.34 Jan 23, 2008: South Korea Launches 30 MW Solar Power Plant In Daegu
4.35 Jan 09, 2008: PV Energy Plant Opens Up In Jumilla, Spain
4.36 Jan 04, 2008: Cuba To Build New Wind Farm In Villa Clara
4.37 Dec 27, 2007: Kansas's Smoky Hills Wind Farm To Power Up
4.38 Dec 20, 2007: Nambe Pueblo To Build Wind Energy Farm In New Mexico
4.39 Dec 17, 2007: Two Wind Farms To Open In Somerset, Pennsylvania
4.40 Dec 16, 2007: Iran To Build Solar Power Plant In Mid East

5 APPENDIX

5.1 Methodology
5.2 Definitions
5.3 Contact Us
5.4 About GlobalData
5.5 Disclaimer

1.1 LIST OF TABLES

Table 1: Estimated Capital Cost of Constructing a Power Generating plant
Table 2: Relative Efficiency and Availability Factor of Electricity Generation Technologies

1.2 LIST OF FIGURES

Figure 1: : GlobalData Methodology
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