The agenda of meeting the sustainable development goals. And to maximize the use of renewable sources is not just an easy task.
The three primary sources identified as the distributor of electricity generation are Hydropower, wind power, and photovoltaics. They are the main renewable energy sources.
The above shows the graphical representation of the top four renewable sources such as Hydropower, Wind power, Photovoltaic, and Bioenergy. The graph shows the representation from 2017 and the importance of Hydro-power.
If you compare the market share for such distribution of the electricity generation. Somehow over the years, the market share has been decreasing in the case of hydropower.
Whereas, wind power and photovoltaics showed a slight increase, while the distribution rate for Bioenergy has been constant over the years. The demand for solar panels has been led to the involvement of photovoltaic technology more.
The panels are more efficient and easier to be built on the roof. Or can be used effectively for the roads on the top surface of the buildings or company or industry roofs.
In my opinion, the installation of wind power plants is expensive. But good returns over the long term. However, the constraints cannot be denied about the availability of a good amount of wind power.
To effectively generate the right amount of electricity. And get its returns on its investment depending on the long term.
Source: – Statista (Erneuerbare Energien weltweit).