Tennessee Valley Authority to Get Renewable Energy Boost
Tennessee Valley Authority, the largest utility company in the United States, has recently accorded to buy up to 2,000 megawatts of electrical energy from renewable energy reservoirs by 2011. Some of the power is anticipated to enter into TVA’s distribution system as early as 2010. TVA did not give away info on which companies will cater the renewable energy.
The amount of renewable energy being looked for is considerably more than what TVA will acquire from its second 1,200-megawatt reactor at the Watts Bar nuclear station which is valued at $2.5 billion and will be accomplished by 2013.
Inexhaustible energy is energy engendered from natural resources – such as sunlight, wind, rain, tides and geothermic heat – which are renewable (naturally replenished). In 2006, about 18% of global final energy intake came from renewables, with 13% coming from conventional biomass, such as wood-burning. Hydroelectricity was the next largest renewable source, providing 3% (15% of global electrical energy generation), accompanied by solar hot water/heating, which contributed 1.3%. Modern technologies, such as geothermic energy, wind power, solar power, and ocean energy together provided some 0.8% of final energy consumption.
Wind generation is growing at the rate of 30 percent annually, with a worldwide installed capacity of over 100 GW, and is widely used in several European countries and the United States. The manufacturing output of the photovoltaics industry arrived at more than 2,000 MW in 2006, and photovoltaic (PV) power stations are particularly popular in Germany and Spain. Solar thermal power stations operate in the United States and Spain, and the largest of these is the 354 MW SEGS power plant in the Mojave Desert. The world’s largest geothermal power installation is The Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18 percent of the country’s automotive fuel. Ethanol fuel is also widely available in the USA.
Read more about Investing in Renewable Technologies: Wind, Solar, Geotherm, Hydro, Biomass
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