Solar power generation related news

Are solar panels the future of electricity?

Panels now occupy an area around half that of Wales, and this year they will provide the world with about 6% of its electricity—which is almost three times as much electrical energy as America consumed back in 1954. Yet this historic growth is only the second-most-remarkable thing about the rise of solar power.

Is solar power growing exponentially?

To call solar power’s rise exponential is not hyperbole, but a statement of fact. Installed solar capacity doubles roughly every three years, and so grows ten-fold each decade. Such sustained growth is seldom seen in anything that matters. That makes it hard for people to get their heads round what is going on.

Will solar cells be the biggest source of electricity?

Solar cells will in all likelihood be the single biggest source of electrical power on the planet by the mid 2030s. By the 2040s they may be the largest source not just of electricity but of all energy. On current trends, the all-in cost of the electricity they produce promises to be less than half as expensive as the cheapest available today.

Why is solar power cheaper than other energy sources?

Making cells also takes energy, but solar power is fast making that abundant, too. As for demand, it is both huge and elastic—if you make electricity cheaper, people will find uses for it. The result is that, in contrast to earlier energy sources, solar power has routinely become cheaper and will continue to do so. Other constraints do exist.

Which countries have added a lot of solar power?

China’s additions dwarfed those of all other countries, at somewhere between 180 and 230 gigawatts, depending on how end-of-the-year projects turn out. Europe added 58 gigawatts. Solar is now the cheapest form of electricity in a majority of countries.

Which countries have installed the most solar panels in a year?

China, Europe, and the U.S. each set solar installation records for a single year, according to the International Renewable Energy Agency. China’s additions dwarfed those of all other countries, at somewhere between 180 and 230 gigawatts, depending on how end-of-the-year projects turn out. Europe added 58 gigawatts.