IRJET- Renewable Energy Scenario Around the World

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International Research Journal of Engineering and Technology (IRJET)

e-ISSN: 2395-0056

Volume: 08 Issue: 10 | Oct 2021

p-ISSN: 2395-0072

www.irjet.net

Renewable Energy Scenario Around the World Chirag Shetty1, Tushar Shetty2, Ishaan Shah3 1,2,3UG

Student, Department of Mechanical Engineering, MPSTME, NMIMS University Mumbai-400056, India ---------------------------------------------------------------------***----------------------------------------------------------------------

Abstract - Renewable energy sources have been in great demand over the past few years to meet our energy needs. But our existing energy sources churns pollution and depletes our environment. Different renewable energy sources are used to overcome these problems, and some have proven to be effective and efficient. Renewable energy sources are inexhaustible, and they can be used to meet our annual needs. Some of them are fully developed, while some are at the infancy stage. But with some research and development into their respective fields, they all can be used as a proper alternative for our energy needs. In this research paper, different types of renewable energy sources and their current scenarios worldwide have been discussed, along with the benefits of renewable energy sources.

Renewable energy comes from sources that can be regenerated or naturally replenished. The primary sources are:

1.INTRODUCTION One-third of greenhouse gas emissions worldwide come from sources such as coal, oil, and natural gas. Over the recent years, the usage of electrical and electronic devices has been exponentially increasing due to the progress in technology. This has increased the power usage, and now there's a need to produce extra power apart from the present, to fulfill our needs. A safe answer to an everdecreasing energy demand had to be renewable sources. Different kinds of renewable energy are currently being explored as a prospective source for energy extraction to produce this excess energy. Some of the renewable energy sources are currently being used globally, and some are in the R&D stage. In the year 2020, renewable energy extraction way far more than any other years in the recent past. China and the United States saw a significant increase in renewable energy expansion. Most of the other countries continued to increase renewable capacity at a similar rate to previous years. Global renewable generation capacity amounted to 2799 GW by the end of 2020. Renewable energy generation capacity increased by about 260 GW in the year 2020, increasing approximately 10.3%. The highest energy expansion was seen in Solar energy, with an increase of 127 GW, which is an increase of about 22%, the subsequent most increase was seen in wind energy with 111 GW, which is an increase of about 18%. Hydropower capacity increased by 20 GW, which is only about 2%, and bioenergy by 2 GW, which is also about 2%. Geothermal energy increased by 164 MW. Solar and wind energy continued to be the most prominent sources for renewable capacity expansion, and they jointly accounted for 91% of all net renewable additions in the year 2020 [1].

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Impact Factor value: 7.529

Water

Wind

Solar

Biomass

Geothermal

All sources of renewable energy are used to generate electric power. In addition, geothermal steam is used directly for heating and cooking. Biomass and solar sources are also used for space and water heating. Ethanol and biodiesel (and, to a lesser extent, gaseous biomethane) are used for transportation. Renewable energy sources are considered to be zero (wind, solar, and water), low (geothermal), or neutral (biomass) concerning greenhouse gas emissions during their operation. A neutral source has emissions that are balanced by the amount of carbon dioxide absorbed during the growing process. However, each source's overall environmental impact depends on its overall lifecycle emissions, including manufacturing equipment and materials, installation, and land-use effects [2].

Key Words: Renewable energy, Geothermal Energy, Solar energy, Wind energy, Hydropower, Bioenergy

© 2021, IRJET

1.1 Factors Affecting Renewable Energy Deployment Factors affecting renewable energy deployment include market conditions (e.g., cost, diversity, proximity to demand or transmission, and resource availability), policy decisions (e.g., tax credits, feed-in tariffs, and renewable portfolio standards), as well as specific regulations. Businesses with sustainability goals also drive renewable energy development by building their facilities (e.g., solar roofs and wind farms), procuring renewable electricity through power purchase agreements, and purchasing renewable energy certificates (RECs). As a result, renewable energy has entered a virtuous cycle of falling costs, increasing deployment, and accelerated technological progress. For example, solar PV module prices have fallen by around 90% since 2009, while wind turbine prices have fallen by 55-60% since 2010.

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ISO 9001:2008 Certified Journal

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