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The sun and the wind will provide the cheapest energy in the future

Researchers from Finland estimate that within ten years, solar and wind energy will be the cheapest forms of energy production for the major energy markets in Asia.

renewable energy. Illustration: shutterstock
renewable energy. Illustration: shutterstock

 

[Translation by Dr. Nachmani Moshe]
New research demonstrates that an energy production system based entirely on renewable forms of energy will be extremely economical in the future. Within ten years, solar and wind energy will be the cheapest forms of energy production for the major energy markets in Asia.

A study conducted at the Lappeenranta University of Technology in Finland shows that an energy production system based entirely on renewable forms of energy will be economically viable for North-East Asia, and China in particular, when these regions will be able to switch to such a system within 10-5 years from now. According to the study, the price of solar energy will be cut in half by 2030-2025.

The study found that within ten years, solar and wind energy will be the cheapest forms of energy production for the huge Asian energy markets. According to solar economics professor Christian Breyer, this is due to the fact that renewable energy is the cheapest way to produce energy in China.

Economic viability has been one of the biggest challenges in efforts to switch to renewable energy sources so that the systems are both efficient and cheap enough. The research that has just been conducted shows that the sun and the wind will become viable sources of energy within 10-5 years. This is in light of the fact that the cost drops by 20% every time the efficiency is doubled. Simulations similar to the estimate of the future price of renewable energy production have not been performed before, according to the researchers.

The news about the study

5 תגובות

  1. Israel can develop a series of hydro-electric dams, in the height differences between the Mediterranean Sea and the Red Sea. The water will flow in a series of pipes and canals. The end of the canal would be at the port of Eilat (perhaps a canal port). The flow regime would be such that the corals would not be harmed. The whole project would generate electricity without polluting the Dead Sea. It's a shame that Menachem Begin invested in the Lebanon war, and not in such a project.

  2. Those who are interested in thorium-based atomic reactors (it's a shame that decision-makers are not). You can read about it on the Echo Wiki website.

  3. Producing energy from wind and solar panels is ineffective! It can be compared to generating electricity from wood, because it is not the most available. It requires a lot of space (land is the most expensive resource in Israel). The only solution to the energy crisis is thorium-based nuclear reactors. Israel is still stupid and didn't understand it! China and India are developing it.

  4. Eric, it is not certain that there will be generations that can cry. Maximum three generations. Pity the last generation.

  5. If you examine the facts in depth, including the cross and indirect subsidies to the coal, oil, gas and electricity industries, the costs of morbidity and pollution damages (Kendall Commission, Zelika report) it is clear that the transition to renewable energies that the government is blocking for unclear reasons can move the economy forward to reduce costs and provide livelihoods for thousands.
    Canceling the program to prevent carbon emissions will be a cry for generations if someone does not wake up.
    You don't have to wait 5 years, you have to release and equalize the playing field and solar energy will shine not only in Great Britain, India, Spain, California or Germany but also in the Holy Land!
    Who said sun and didn't get it?

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