The International Energy Agency (IEA) is involved in ensuring the 29 countries that are a member of it including the UK, USA and Germany but not China have clean, affordable and reliable energy. It has produced a report that is favorable towards solar power that is, potentially, good news for the solar photovoltaic industry.
Apparently, it feels that solar energy may end up being the main source of producing electricity by the year 2050. It feels that 16% of electricity produced around the world by 2050 could be generated by solar panels and a further 11% of the world’s electricity could come from solar thermal electricity (STE). At the moment, solar power produces less than 1% of the world’s energy so this would be a significant increase.
As you will no doubt be aware, there are targets in place to achieve a certain level of electricity by 2020 by renewable energy sources. Comments like the above can only help drive the industry on towards helping to achieve those targets.
Of course, the industry is no doubt being helped by the reduction in the cost of solar panels that has been seen in the last few years.
China is very much at the forefront of the drive towards greater use of solar power followed by the USA with Germany being the front-runner in Europe. Here in the UK we continue to hear of new solar panel installations taking place both on residential and commercial properties and on land that has been used for agricultural purposes. We welcome receiving news from a variety of sources about such installations taking place so do let us know by leaving your comments.
For all those in the solar panels industry we are sure that you will agree, if the above were to become reality, the future of the industry is a rosy one.