Solar Power Fastest-Growing Source of New Energy by PV Solar Report Staff

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UPSToday. - This is one of information to you about the solar power with the article titled with Solar Power Fastest-Growing Source of New Energy that written by PV Solar Report Staff and published in PV Solar Report site.

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The long-standing prediction on technology dominating renewable energy in the near future is beginning to materialize. According to recent report from the International Energy Agency (IEA), solar is the fastest growing source of power in 2016 and will remain so in years to come. The Paris-based institution (IEA) underestimated the speed at which green energy was growing and are expecting that photovoltaic (PV) solar will dominate other renewable energy sources by 2022.

Almost 165 gigawatts of renewables came online in 2016, of which the expansion was majorly influenced by China and the precipitous fall in prices. For a country with desperate concern for air pollution and environmental degeneration, China has the largest market for solar and was responsible for half the solar panels installed. In the words of Paolo Frankl, head of the IEA’s renewable energy division, “The solar PV story is a Chinese story.”

Behind China, the US and India are also major advocates of global clean-energy expansion. Together, the three countries make up two-thirds of the renewable energy expansion worldwide. Despite Donald Trump’s promise to restore coal, America still remains the second fastest growing market for solar.

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New Johny WussUpdated: 12:32 PM

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