How Solar Could Save Us From a Global Energy Crisis
MSNBC is reporting that the solar power industry has grown by more than 25% since 2009, and by almost 30% since 2000.
The industry has also grown in China, which accounts for more than a quarter of the world’s total installed capacity, and it has become more diversified and technologically advanced.
According to the report, there are now more than 150,000 solar photovoltaic panels in use in China and more than 2.5 million solar power projects, which have a total value of more than $20 billion.
And solar power has been growing faster in developing countries.
The report states that the industry has experienced the biggest surge in global growth since 2010, and that it is poised to grow even more in the coming years.
Solar is expected to provide up to 30% of the country’s electricity by 2020.
The Solar Energy Industry Association (SEIA) estimates that the global solar PV market is expected grow by 40% between now and 2020.
It is expected that in 2020 alone, the global market for solar power will reach $1.3 trillion.
Solar Power is now available in more than 130 countries and regions, including more than 200 developing countries, with over 100 million households currently using solar energy.