The fastest growing energy market is the sustainable energy market, and this post will analyse three different suppliers.
About the most prevalent types of renewable energy in the UK is the transfer of wind energy into electricity, this is unsurprisingly attributable to the relatively constant winds. On the south coastline of England, there is a tremendous wind farm that is made of 116 turbines, which are visible from the shoreline. The power produced from this wind farm will supply many homes and its development was agreed by the E.ON shareholders in 2014, although the building is still on-going. The wind turbines are supposed to run for around 25 years, meaning they are a long-term investment and provider of electricity. The off-shore wind farm is beneficial as it utilises strong ocean winds, whilst being out of the way. No land is used, which conserves funds in terms of buying or renting space to construct them, but of course there are added expenses in developing wind turbines out at sea. Although it is not the most continuous type of clean energy, it is still a renowned one, specifically in seaside regions.
A sustainable energy origin that has been utilised for a very long time is hydroelectric power. This form of energy creation has been employed since the Ancient Greeks, although the first example of applying it to produce electricity was in the later part of the 19th century. This sustainable energy source can produce a tremendous amount of electricity, although it requires the building of a dam which is of course rather costly. Once the dam has been built the energy production is free, so it is one the most cost-effective forms of electrical creation after the primary costs have been covered. The Energias De Portugal financiers have identified this as an energy source that will grow, as they have started a digitalisation of their hydroelectric plants around Europe. Through modernising older dams it will entail more proficient energy production and distribution, which in turn will mean lowered energy costs for customers.
The most accessible sustainable solution for the average customer is solar energy. It is not an exceptionally large cost for consumers to install solar energy panels to the roofs or sides of their homes, and it then decreases their bills. As setting up solar panels has a reasonably quick payback time, it has made it the most in-demand sustainable home energy solution. Even though this technology is reasonably new, it has grown faster than most other sustainable energy kinds, and especially in nations with hardly any rain or cloud cover. There are many solar power plants all over Europe and the Edison shareholders control 9 major ones in Italy, which are spread over the whole nation. The nature of solar energy of course means that it is far more efficient in the more southern regions of Europe, so Italy is a ideal place for companies to build solar farms.