Is Renewable Energy a Economically Viable Option
First the first thing that I am going to do is define renewable energy “renewable energy is generally defined as energy that comes from resources which are naturally replenished on a human timescale such as sunlight, wind,rain, tides, waves and geothermal heat¹ .So by this definition of renewable energy i would classify solar energy, wind energy, geothermal energy, bioenergy,green power, ocean energy, hydrogen and fuel cell, hydro power all of these energy types are all renewable but are relatively expensive compared to our main source of electricity, fossil fuels that make up more than 77% of South Africa’s needed energy.
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From a non-economical point of view South Africa has probably one of the best if not thee best climate and conditions to harbour renewable energy power plants so we taking advantage of it because more than 15% of all of our electricity it definitely is happening.My answer to the question was made purely on the time scale if you were looking at 5-10 years then this is not vaiable al all unless a huge funding is given to South Africa but this seems highly unlightly but givving it 20-30 years i think that with the right innetiative and constant flow of funding this could be implemented in South Africa.
“In a country such as South Africa where solar energy is abundant, the sustainability of its usage through solar geysers and solar panels is unquestioned,” says Dr Roula Inglesi-Lotz, senior lecturer at the Department of Economics of the University of Pretoria and headline speaker at the upcoming Clean Power Africa conference and exhibition from 14-15 May in Cape Town.
So where could renewable energy be a variable option going forward, this in my opinion in independently so to run an average household at the going rate of R1.25 per kilowatt hour² will probably cost anywhere from 1000 to 2000 rand so the economically viable s to invest in a type of renewable energy for eg solar energy with the correct funding on purchase and fitting of the solar panel in tandem with a trickle feed...