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Increasing energy demand has created the challenge of supplying safe, economical, and durable energy with minimal impact on the environment. Therefore, governments have developed and executed several strategies such as increasing efficiency in energy systems in addition to replacing existing sources with renewable energies. One of the most important renewable energy sources that have a competitive advantage compared with other resources is solar energy and its related technologies. However, development of this technology, its related products, and their competitiveness in the market has created a plethora of challenges. In this study, the focus is on the analysis of photovoltaic technology development in the context of different technology generations. The S-shape curve of each generation and sub-technologies of photovoltaic is designed and analyzed. Results show that the first generation of photovoltaic technology is in growth and early maturity stage. The second generation is also in growth stage, but the third generation is mainly in the introduction stage. [ABSTRACT FROM AUTHOR]

Renewable energy resources have historically played an important role for heat/electricity generation in Finland. Although diffusion costs of renewable energy utilization are higher than fossil fuels and nuclear power plants, other policy aspects and operation costs of renewables cover this gap particularly in high dependent countries to fossil fuels. The current paper discusses the role of renewable portfolio in the Finland's energy action plan during 2011-2020. A system dynamics model is constructed to evaluate different costs of renewable energy utilization by 2020. Results show that total costs of new capacities of renewable energy systems as well as operation and maintenance costs of current systems bring 7% saving compared to total costs of new natural gas power plants (as a sample for second scenario) in Finland. [ABSTRACT FROM AUTHOR]