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PV Financial Incentives
Financial incentives for photovoltaics are incentives offered to electricity consumers to install and operate solar-electric generating systems, also known as photovoltaics (PV). Governments offered incentives in order to encourage the PV industry to achieve the economies of scale needed to compete where the cost of PV-generated electricity is above the cost from the existing grid. Such policies were implemented to promote national or territorial energy independence, high tech job creation and reduction of carbon dioxide emissions which cause climate change. When, in a given country or territory, the cost of solar electricity falls to meet the rising cost of grid electricity, then 'grid parity' is reached, and in principle incentives are no longer needed. In some places, the price of electricity varies as a function of time and day (due to demand variations). In places where high demand (and high electricity prices) coincide with high sunshine (usually hot places with air condition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Photovoltaics
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially used for electricity generation and as photosensors. A photovoltaic system employs solar modules, each comprising a number of solar cells, which generate electrical power. PV installations may be ground-mounted, rooftop-mounted, wall-mounted or floating. The mount may be fixed or use a solar tracker to follow the sun across the sky. Photovoltaic technology helps to mitigate climate change because it emits much less carbon dioxide than fossil fuels. Solar PV has specific advantages as an energy source: once installed, its operation generates no pollution and no greenhouse gas emissions, it shows scalability in respect of power needs and silicon has large availability in the Earth's crust, although other materials required in PV system m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grid Parity
Grid parity (or socket parity) occurs when an alternative energy source can generate power at a levelized cost of electricity (LCOE) that is less than or equal to the price of power from the electricity grid. The term is most commonly used when discussing renewable energy sources, notably solar power and wind power. Grid parity depends upon whether you are calculating from the point of view of a utility or of a retail consumer. Reaching grid parity is considered to be the point at which an energy source becomes a contender for widespread development without subsidies or government support. It is widely believed that a wholesale shift in generation to these forms of energy will take place when they reach grid parity. Germany was one of the first countries to reach parity for solar PV in 2011 and 2012 for utility-scale solar and rooftop solar PV, respectively. By January 2014, grid parity for solar PV systems had already been reached in at least nineteen countries. Wind power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Commons Library
The House of Commons Library is the library and information resource of the lower house of the British Parliament. It was established in 1818, although its original 1828 construction was destroyed during the burning of Parliament in 1834. The library has adopted the phrase "Contributing to a well-informed democracy" as a summary of its mission statement. History The Library was established in 1818 and a purpose-designed library was built for it by Sir John Soane and completed in 1828. This building, along with much of the mediaeval Palace of Westminster, to which it was added, was destroyed by fire in 1834. In the rebuilding of the Palace of Westminster by Sir Charles Barry and Augustus Welby Northmore Pugin, the Library was given four large rooms on the river front of the principal floor of the new palace, each 40 feet by 25 feet and some 20 ft high. This suite was fully opened by 1852, and two additional rooms added in the mid/late 1850s. One of these was to co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewables Obligation (United Kingdom)
The Renewables Obligation (RO) is designed to encourage generation of electricity from eligible renewable sources in the United Kingdom. It was introduced in England and Wales and in a different form (the Renewables Obligation (Scotland)) in Scotland in April 2002 and in Northern Ireland in April 2005, replacing the Non-Fossil Fuel Obligation which operated from 1990. The RO places an obligation on licensed electricity suppliers in the United Kingdom to source an increasing proportion of electricity from renewable sources, similar to a renewable portfolio standard. In 2010/11 it is 11.1% (4.0% in Northern Ireland). This figure was initially set at 3% for the period 2002/03 and under current political commitments will rise to 15.4% (6.3% in Northern Ireland) by the period 2015/16 and then it runs until 2037 (2033 in Northern Ireland). The extension of the scheme from 2027 to 2037 was declared on 1 April 2010 and is detailed in the National Renewable Energy Action Plan. Since its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Act 2013
The Energy Act 2013 is an Act of the Parliament of the United Kingdom, relating to the energy sector. It succeeded the Energy Act 2010. The Act focuses on setting decarbonisation targets for the UK, and reforming the electricity market. The Act was intended by Secretary of State for Energy and Climate Change Ed Davey to "attract investment to bring about a once-in-a-generation transformation of our electricity market". History The Energy Bill was introduced by the government in the House of Commons for first reading on 29 November 2012, and passed a vote at third reading with cross-party support on 4 June 2013. The Bill received Royal Assent on 18 December 2013. Aims The Act aims to maintain a stable electricity supply as coal-fired power stations are retired. This includes facilitating the building of a new set of nuclear power stations and the establishment of a new regulator, the Office for Nuclear Regulation. The Act proposes a delay in setting decarbonisation targets un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy In The United Kingdom
Renewable energy in the United Kingdom contributes to production for electricity, heat, and transport. From the mid-1990s, renewable energy began to play a part in the UK's electricity generation, building on a small hydroelectric capacity. Wind power, which is abundant in the UK, has since become the main source of renewable energy. , renewable sources generated 40.2% of the electricity produced in the UK; around 6% of total UK energy usage. Interest has increased in recent years due to UK and EU targets for reductions in carbon emissions, and government incentives for renewable electricity such as the Renewable Obligation Certificate scheme (ROCs) and feed in tariffs (FITs), as well as for renewable heat such as the Renewable Heat Incentive. The 2009 EU Renewable Directive established a target of 15% reduction in total energy consumption in the UK by 2020. History Heat from wood fires goes back to the earliest human habitation of Britain. Waterwheel technology was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power In The United Kingdom
Nuclear power in the United Kingdom generated 16.1% of the country's electricity in 2020. , the UK has 9 operational nuclear reactors at five locations (8 advanced gas-cooled reactors (AGR) and one pressurised water reactor (PWR)), producing 5.9GWe. It also has nuclear reprocessing plants at Sellafield and the Tails Management Facility (TMF) operated by Urenco in Capenhurst. The United Kingdom established the world's first civil nuclear programme, opening a nuclear power station, Calder Hall at Windscale, England, in 1956. The British installed base of nuclear reactors used to be dominated by domestically developed Magnox and their successor AGR reactors with graphite moderator and coolant but the last of those are nearing the end of their useful life and will be replaced with "international" pressurised water reactors. At the peak in 1997, 26% of the nation's electricity was generated from nuclear power. Since then several reactors have closed and by 2012 the share had decl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Economy, Trade And Industry
The or METI, is a ministry of the Government of Japan. It was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry (MITI) merged with agencies from other ministries related to economic activities, such as the Economic Planning Agency. METI has jurisdiction over a broad policy area, containing Japan's industrial/trade policies, energy security, control of arms exports, "Cool Japan", etc. The Ministry has its headquarters in Kasumigaseki, Chiyoda Ward, Tokyo. Its current head is Yasutoshi Nishimura, who was appointed minister by Prime Minister Fumio Kishida in August 2022. Overview The mission stipulated in Article 3 of the Act for the Establishment of the Ministry of Economy, Trade and Industry (Act No. 99 of 1999) is to "enhance the economic vitality of the private sector and develop economic and industrial development centered on the smooth development of foreign economic relations, as well as the stable and efficient develop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric Ireland
Electric Ireland () is an Irish utility company that supplies electricity and gas to business and residential customers in Ireland. It is the supply division of the Electricity Supply Board, the former monopoly electricity company in Ireland. The company now operates in an open market competing for the supply of retail electricity to residential customers. Electric Ireland sells a variety of smart technology, including Electric Vehicle Home Chargers, solar PV panels, battery storage, which are also sold by Electric Ireland's online shop. Other major suppliers include Airtricity and, more recently, Bord Gáis Energy. The business was known previously as ESB Customer Supply and ESB Independent Energy before 4 April 2011. The brand was a transitional one; in January 2012, all references to ESB were dropped and it is simply known as Electric Ireland. Regulation and pricing As a part of the regulatory system, the company as the former monopoly must sell its electricity at a premium ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Purchase Agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counter parties. Contractual terms of a PPA may last anywhere between 5 and 20 years, during which time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solar Power In India
Solar power in India is a fast developing industry. The country's solar installed capacity was 61.966 GWAC as of 30 November 2022. Solar power generation in India ranks fourth globally in 2021. The Indian Government had an initial target of 20 GW capacity for 2022, which was achieved four years ahead of schedule. In 2015 the target was raised to 100 GW of solar capacity (including 40 GW from rooftop solar) by 2022, targeting an investment of 100 billion. India has established nearly 42 solar parks to make land available to the promoters of solar plants. Rooftop solar power accounts for 2.1 GW in 2018, of which 70% is industrial or commercial. In addition to its large-scale grid-connected solar photovoltaic (PV) initiative, India is developing off-grid solar power for local energy needs. Solar products have increasingly helped to meet rural needs; by the end of 2015 just under one million solar lanterns were sold in the country, reducing the need for kerosene. That yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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