How is using Solar energy changing the world?

As per the study, the average temperature of earth is increased by 2 degrees Centigrade which shows the effect of climate change. Using solar energy for our daily electricity consumption will not only reduce the carbon footprint but also helps the one steps towards greener world. 

Here in this informative article, we will cover all the necessary points and details on why you should choose solar and how it can make a difference in environmental impact.

Abundant potential of solar energy

As we all know the basic principle of the solar system, i.e., from the sun to the solar panel grid and from the grid to DC to AC converter, then to our home. Solar panels are mainly made with PV cells. However, there are other panels also available made with different technologies like monocrystalline, polycrystalline and perovskite solar cell (PSC) based panels.

Solar radiation is abundant and reaches most parts of the globe, though with varying intensity depending on geographical location and climate conditions. But can make a tremendous change and help to lower the carbon footprint and our dependencies on coal.

How solar energy exceeds global energy demands

According to the World Bank's "Solar Photovoltaic Power Potential by Country" report, the potential for solar PV electricity generation significantly surpasses current electricity demands in most countries worldwide. Remarkably, about 20% of the global population lives in 70 nations, e.g., Gulf countries, African region and Asia, with ideal conditions for solar PV, characterized by consistent output exceeding 4.5 KWp throughout the year. 

The global solar energy capacity has reached an impressive 850.2 GW, contributing approximately 4.4% to the world's energy needs. China leads production at 308.5 GW, followed by the US at 123 GW. Solar energy now accounts for around 11.5% of global renewable energy, demonstrating its growing significance in the global energy mix.

Future of Solar energy

The future is Solar; however, a study shows that currently, there are no replacements for coal due to extensive usage of electricity, but somewhere, by using it, we can reduce the dependencies and maintain the balance. This can help us by fulfilling the requirements of 8.5k GW demand globally by 2050.

The economics of solar energy have improved dramatically, becoming seven times cheaper to produce than a decade ago. The global weighted-average levelized cost of electricity (LCOE) for solar PV has plummeted from 0.445 USD/kWh in 2010 to 0.049 USD/kWh in 2022, making it competitive with fossil fuels. However, 30 countries (12.8% of studied nations) have yet to engage in solar energy development, representing significant untapped opportunities.

Use of Electric vehicles

Nowadays, we are moving towards e-vehicles, the growing market itself shows the interest of common people towards the green energy. Many tech giants and now also finding alternate options for electric, like H20-based vehicles. All these efforts and research must be countable and its our duty to make it possible and preserve our future for better and good.