By 2014 European Union countries had invested approximately €1.1 trillion, €1,100,000,000,000, in large scale Renewable Energy installations.
This has provided a nominal nameplate electrical generating capacity of about 216 Gigawatts, or nominally about ~22% of the total European generation needs of about 1000 Gigawatts.
The actual measured output by 2014 from data supplied by the Renewables Industry has been 38 Gigawatts or 3.8% of Europe’s electricity requirement, at a capacity factor of ~18% overall.
Accounting for capacity factors the capital cost of these Renewable Energy installations has been about €29billion / Gigawatt. That capital cost should be compared with conventional gas-fired electricity generation costing about €1billion / Gigawatt.......To Read More....