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Renewable

Energy
Presented By :
Hiteksha Patil
Roshni Rajput
Ronak Agrawal
Ganesh Deore
Contents
● Introduction ● Challenges and
● Types Limitations
● Current Trends and ● Future Perspective
Developments ● Advantages and
● Technological Aspects Disadvantages
● Government Policies and ● Economical Help
Initiatives ● Vote of Thanks
Introduction
Renewable Energy :

It is energy derived from natur


sourcess that are replenished a
higher rate than they are
consumed.
Types of Renewable Energy

Hydroelectric Biofuel Energy


Energy

Solar Energy Wind Energy


Solar Energy
Solar energy is defined as the transformation
of energy that is present in the sun. The
potential for solar energy is enormous, since
about 200,000 times the world’s total daily
electric generating capacity is received by
Earth every day in the form of solar energy.
Unfortunately, though solar energy itself is
free, the high cost of its collection,
conversion, and storage still limits its
exploitation in many places.
Hydroelectric Energy
Hydroelectricity, is a form of energy in which
electricity is produced with moving water. At
hydropower plants water flows through a pipe,
or penstock, then pushes against and turns
blades in a turbine that spin to power a
generator to produce electricity. Hydropower
can be captured from many different forms of
water, including river currents, river dams,
ocean waves and ocean tides. One example is
the Niagra Falls hydroelectric plant.
Wind Energy
Wind is used to produce electricity by converting the
kinetic energy of air in motion into electricity. In modern
wind turbines, wind rotates the rotor blades, which convert
kinetic energy into rotational energy. This rotational energy
is transferred by a shaft which to the generator, thereby
producing electrical energy. Between 2010 and 2020, the
global weighted-average levelised cost of electricity
(LCOE) of onshore wind fell by 56%, from USD
0.089/kWh to USD 0.039/kWh. Over the same period, the
LCOE of newly commissioned offshore wind projects fell
by around half (48%).
Biofuel Energy
Biofuel is a fuel that is produced over a short time
span from biomass, rather than by the very slow
natural processes involved in the formation
of fossil fuels, such as oil. Biofuel can be produced
from plants or from agricultural, domestic or
industrial biowaste. The two most common types
of biofuel are bioethanol and biodiesel. The U.S. is
the largest producer of bioethanol, while the EU is
the largest producer of biodiesel. The energy
content in the global production of bioethanol and
biodiesel is 2.2 and 1.8 EJ per year, respectively.
Current Trends and Developments
Renewable energy is now the
least-cost option in the power
sector. Switching to renewable
power is a no-brainer. Progress is
slow in the two larger sectors,
heating/cooling and transport.
Governments continue to
subsidise fossil fuels and keep
regulatory frameworks in place,
which support centralised, high-
carbon energy production and
consumption.
Challenges and Limitations
• The high initial cost of installation.
• Lack of infrastructure and Grid Integration
• Power Storage
• Non-renewable energy monopoly
• Lack of knowledge and awareness
• Lack of policies, subsidies, etc
• Intermittency and Variability
• Cost and Economics:
• Public Acceptance and Policy Support.
Technological Innovations and Potential
Solutions
• Advancements in Energy Storage.
• Smart Grids and Digitalization.
• Research and Development.
• Grid Flexibility and Virtual Power Plants.
• Blockchain Technology.
• Advanced Monitoring and Predictive Analytics.
• Artificial Intelligence and Machine Learning.
Future Perspective
Renewable energy in the future is predicted that by 2024, solar capacity in the world will grow by 600
gigawatts (GW), almost double the installed total electricity capacity of Japan. Overall, renewable electricity
is predicted to grow by 1 200 GW by 2024, the equivalent of the total electricity capacity of the US.

• Solar Will Become 35% Cheaper By 2024


• Onshore Wind Energy Capacity Will Increase 57% By 2024
• Hydroelectric Capacity Will Rise 9% By 2024
• Geothermal Capacity Will Increase 28% By 2024
The Future Lies in Using Renewable Energy
Renewable energy will continue to rise in the upcoming decade, edging out fossil fuels
and reducing greenhouse gas emissions.
“This is a pivotal time for renewable energy,” said the IEA’s executive director, Fatih
Birol. “Technologies such as solar and wind are at the heart of transformations taking
place across the global energy system. Their increasing deployment is crucial for
efforts to tackle greenhouse gas emissions, reduce air pollution, and expand energy
access.”
Government Policies And Initiatives
• Off-Grid and Decentralised Solar PV Applications Programme
• Solar Energy Scheme for Small Powerloom Units
• IREDA NCEF refinance scheme (revised)
• Scheme to Support Promotion of Grid Interactive Biomass Power and Bagasse
Cogeneration
• Central Financial Assistance (CFA) provided under various renewable energy schemes /
programmes
• National Biogas and Manure Management programme (NBMMP)
• Off-grid and Decentralized Solar Thermal Application Scheme (Capital subsidy
scheme for installation of solar thermal systems)
• Scheme for Off-Grid and Decentralized Solar Cooker Programme
Advantages Of Renewable Energy

• A Fuel Supply That Never Runs Out


• Zero Carbon Emissions
• Cleaner Air and Water
• A Cheaper Form of Electricity
• Renewable Energy Creates New Jobs
Disadvantages Of Renewable Energy
• Higher Capital Costs
• Electricity Production Can Be Unreliable
• Energy Storage Is a Challenge
• It’s Impacted by Environmental Conditions
• Renewables Still Have a Carbon Footprint
Economical Help
Renewable energy has come a long way. Today, the energy is more effective,
affordable, and more efficient. Most households can afford to invest in
renewable energy. However many people do not understand the benefits that
come with energy. So what are the economic benefits of renewable energy?

• Materials
• Installation and maintenance
• Energy savings
• Affordable
• Saves money
References:

MNRE
Govt. Policies SLIDES
GO
Template
WIKIPEDIA

EQ
INTERNATIONAL
Thanks!

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