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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Allen Bucholski who wrote (7097)	1/23/2003 1:46:57 AM
From: Krowbar	Read Replies (1) \| Respond to of 8393

US government predicts growth of solar power 16 January 2003 - The generation of electricity using solar photovoltaic (PV) power will increase by 26.7 per cent a year over the next quarter century, according to the US Department of Energy. PV output will rise to 0.88 billion kWh by 2025, from 0.04 b-kWh last year to achieve that growth. Utilities and private power producers will increase generating capacity of PV from 0.02 GW in 2002 to 0.36 GW in 2025, representing an annual increase of 13.9 per cent. By comparison, output from wind turbines operated for the electric power sector will increase annually by 7.9 per cent as generation rises from 12.2 b-kWh last year to 36.2 b-kWh in 2025. Biomass will increase by 4.5 per cent a year (10.7 to 22.6 b-kWh), geothermal by 4.2 per cent (13.8 to 36.9 b-kWh), solar thermal electric by 2.9 per cent (0.5 to 0.9 b-kWh), municipal solid waste by 2.4 per cent (22.3 to 29.9 b-kWh) and conventional hydropower by 1.4 per cent a year (258.6 to 301.3 b-kWh), says the latest 'Annual Energy Outlook' produced by DOE's Energy Information Administration. The U.S. electric power sector will increase capacity of wind by 4.4 per cent a year, rising from 5 GW to 12 GW over the period, while geothermal will increase from 2.9 to 5.6 GW, MSW will rise from 3.4 to 4.3 GW, biomass from 1.8 to 2.8 GW, and solar thermal electric from 0.33 to 0.36 GW in terms of capacity. Conventional hydropower is the largest technology within the renewable energy portfolio, but its capacity of 78.5 GW in 2002 will increase only to 78.9 GW by 2025, predicts EIA. In other end-use applications (including distributed and on-site generation), output of solar PV will grow by 22.1 per cent a year, rising from 0.09 b-kWh last year to 1.98 b-kWh within the quarter century. Its installed capacity will increase from 0.04 GW to 0.93 GW. The EIA report shows that total energy consumption in the U.S. could vary significantly depending on the rate of economic growth, with the projection for 2025 ranging from 129 to 149 quadrillion Btu of total energy.