The 10 big energy myths

Myth 1: solar power is too expensive to be of much use

In reality, today's bulky and expensive solar panels capture only 10% or so of the sun's energy, but rapid innovation in the US means that the next generation of panels will be much thinner, capture far more of the energy in the sun's light and cost a fraction of what they do today. They may not even be made of silicon. First Solar, the largest manufacturer of thin panels, claims that its products will generate electricity in sunny countries as cheaply as large power stations by 2012.

Other companies are investigating even more efficient ways of capturing the sun's energy, for example the use of long parabolic mirrors to focus light on to a thin tube carrying a liquid, which gets hot enough to drive a steam turbine and generate electricity. Spanish and German companies are installing large-scale solar power plants of this type in North Africa, Spain and the south-west of America; on hot summer afternoons in California, solar power stations are probably already financially competitive with coal. Europe, meanwhile, could get most of its electricity from plants in the Sahara desert. We would need new long-distance power transmission but the technology for providing this is advancing fast, and the countries of North Africa would get a valuable new source of income.

Myth 2: wind power is too unreliable

Actually, during some periods earlier this year the wind provided almost 40% of Spanish power. Parts of northern Germany generate more electricity from wind than they actually need. Northern Scotland, blessed with some of the best wind speeds in Europe, could easily generate 10% or even 15% of the UK's electricity needs at a cost that would comfortably match today's fossil fuel prices.

The intermittency of wind power does mean that we would need to run our electricity grids in a very different way. To provide the most reliable electricity, Europe needs to build better connections between regions and countries; those generating a surplus of wind energy should be able to export it easily to places where the air is still. The UK must invest in transmission cables, probably offshore, that bring Scottish wind-generated electricity to the power-hungry south-east and then continue on to Holland and France. The electricity distribution system must be Europe-wide if we are to get the maximum security of supply.

We will also need to invest in energy storage. At the moment we do this by
pumping water uphill at times of surplus and letting it flow back down the mountain when power is scarce. Other countries are talking of developing "smart grids" that provide users with incentives to consume less electricity when wind speeds are low. Wind power is financially viable today in many countries, and it will become cheaper as turbines continue to grow in size, and manufacturers drive down costs. Some projections see more than 30% of the world's electricity eventually coming from the wind. Turbine manufacture and installation are also set to become major sources of employment, with one trade body predicting that the sector will generate 2m jobs worldwide by 2020.

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