{"id":19324,"date":"2016-03-30T14:23:03","date_gmt":"2016-03-30T19:23:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19324"},"modified":"2016-03-30T14:34:56","modified_gmt":"2016-03-30T19:34:56","slug":"estimating-life-time-costs-for-renewable-energy-in-europe","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19324","title":{"rendered":"Estimating life-time costs for Renewable Energy in Europe"},"content":{"rendered":"

Estimating life-time costs for Renewable Energy in Europe<\/a><\/h3>\n
Summary<\/strong><\/div>\n
\n
    \n
  • Electricity generation by using gas-fired installations is significantly cheaper than Renewables\u00a0in terms of both installation capital cost and Operation and Maintenance \u00a0costs, even when accounting for the cost of fuel.<\/li>\n
  • The \u20ac 1.1 trillion capital costs already spent on Renewables in Europe would have been sufficient to re-equip the whole 1,000 Gigawatt European electricity generating fleet with Gas-fired power stations producing electricity for the grid effectively at ~90% capacity.<\/li>\n<\/ul>\n
      \n
    • The European Renewable fleet with a nominal\u00a0nameplate output of ~ 212 Gigawatts only contributes\u00a0~ 38 Gigawatts to the European Grid, a capacity percentage at about 18%.<\/li>\n
    • The installation of the Renewables fleet as of 2014 has already lead to\u00a0a 60 year lifetime financial commitment amounting to about \u20ac3.1 trillion: \u00a0this is equivalent to the annual GDP of Germany.<\/li>\n
    • 60 year life-time costs of Onshore wind power range from 10 \u2013 13 times more expensive than Gas-fired generation.<\/li>\n
    • 60 year life-time costs of Offshore wind power and Solar power range from 40 \u2013 50\u00a0times more expensive than Gas-fired generation.<\/li>\n
    • during the 60 year life-time Gas-fired generators have a full-time productive capacity of about 90% \u00a0whereas the combined capacity figures for Renewable Energy of only about 18% is achieved across all European Renewable installations.<\/li>\n
    • These notes make estimates of:\n
        \n
      • the likely capital expenditure over 60 years<\/li>\n
      • the running costs including fuel costs, if applicable, over that time period<\/li>\n
      • the likely combined 60 year costs overall<\/li>\n
      • the ratios of Renewable financial performances compared to Gas-fired electricity generation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        Introduction<\/strong><\/p>\n

        This article is concerned with the two main forms of weather-dependent Renewable Energy, Wind Power (Onshore and Offshore) and Photovoltaic solar power.<\/p>\n

        \"Screen<\/p>\n

        It accepts that the effective capital cost of weather-dependent\u00a0Renewable installations\u00a0range from 16 \u2013 63 bn\u20ac \/ Gigawatt\u00a0for the\u00a0electrical energy produced when their capability for productive contribution to the grid is\u00a0taken into account. \u00a0This compares with the installation cost of Gas-fired electricity generation of about 1bn\u20ac \/ Gigawatt, produced for the grid.<\/p>\n

        …click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        Estimating life-time costs for Renewable Energy in Europe Summary Electricity generation by using gas-fired installations is significantly cheaper than Renewables\u00a0in terms of both installation capital cost and Operation and Maintenance \u00a0costs, even when accounting for the cost of fuel. The \u20ac 1.1 trillion capital costs already spent on Renewables in Europe would have been sufficient […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[12265,7411,5646,674],"class_list":["post-19324","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-ed-hoskins","tag-electricity-generation","tag-energy-costs","tag-renewable-energy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19324"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19324\/revisions"}],"predecessor-version":[{"id":19326,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19324\/revisions\/19326"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}