Solar Power – The Best Source Of Renewable Energy

Renewable energy sources are important not only in terms of diversification of the electricity technological base. The world community is seriously concerned about global climate change today.

As it was demonstrated by research conducted by Exxon Mobile, the world’s energy needs are increasing by 1.3% annually and will increase on 40% in comparison to indicators of 2005 by 2030. 40% of this rising will be made by the increasing of energy generating sector. Consequently, emissions of carbon dioxide (CO2), related to the energy sector, will also increase.

One of the key factors that may reduce greenhouse gas emissions is the use of renewable energy: solar, wind, biomass, hydro, tidal and geothermal energy. The development of these technologies is supported at the state level in most developed countries. In particular, in March 2007, the Council of Europe has set a goal to bring the use of renewable sources up to 20% of the total energy consumption of the EU till the year 2020. The development of solar photovoltaic is connected with large-scale renewable energy support programs, implemented in highly developed countries of Europe, in the USA and Japan.

An important advantage of solar photovoltaic systems is the lack of carbon dioxide in the process of systems work. Although indirect emissions are present at other stages of the life cycle of the system, photovoltaic technologies generate far less emissions per GWh of energy generated throughout the life cycle than the technologies that use traditional fuels. At least 89% of emissions related to energy production, could be prevented by replacing the traditional sources of energy with PV. In addition, photovoltaic does not cause any other forms of pollution (such as exhaust fumes or noise). The reduction in annual carbon emissions through the use of solar photovoltaic systems may reach 1,6 billion tons by 2030, and the net loss will probably reach 9 billion tons.

Furthermore, in comparison to other types of electricity production from renewable sources, solar photovoltaic has the greatest potential for long-term growth. It is estimated that the sunlight striking the Earth every minute is sufficient to meet current global demand for energy during the whole year.

According to the European Photovoltaic Association (EPIA) forecasts solar panels will produce up to 2,7 TW of electricity, meeting from 9 to 14 percents of the world needs in 2030. The annual PV market will reach 455 billion EURO.

What can we say about the industry today? Photovoltaic market overcame the rapid growth in 2008. It was caused mainly due to the further development of existing markets (Germany, USA, Japan), an impressive amount of projects in Spain, as well as the new markets emergence in Europe and South Korea.

Volume of the world’s PV market reached 5.5 GW of annual plant systems in 2008. It increased on 129% comparing with the 2007 indicator. Almost half of new plants (2.5 GW) were installed in Spain. Germany has got the second place on this scale (1.5 GVt).

Be smart and use the aid of solar power grants to convert your life to better ecological balance with nature. Read about solar power grants, how to make proper use of them and where you can apply for these solar power grants.

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