Upfront resource requirements for large-scale exploitation schemes of new renewable technologies

P.D. Lund

Renewable Energy, 2007, vol. 32, issue 3, 442-458

Abstract: Large-scale global use of new renewable energy sources (RES) necessitates massive physical resources. Present study shows that more than 99.5% of the materials needed in new RES systems are basic construction materials and metals abundantly available. Special elements may constitute future bottle-necks in some PV technologies. The extra financial resources needed over traditional energy to achieve a breakthrough in PV and wind power range from 100 to 500 billion $ for a period of 20–30 years influenced by technology progress and speed of penetration, but in solar heating much less. This upfront support could be paid back within 15–25 years later through cheaper and cleaner energy. Compared to nuclear power the resource numbers estimated are of the same order of magnitude.

Keywords: Renewable energy; Resource requirement; Diffusion; Public support (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:32:y:2007:i:3:p:442-458

DOI: 10.1016/j.renene.2006.01.010

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