Solar power has gained significant traction in recent years due to its cost-effectiveness and environmental benefits, making it a leading contender as a primary energy source, particularly in the fight against climate change; it is widely considered one of the cheapest ways to generate electricity globally and is a clean energy source with minimal carbon emissions, effectively
Solar power has gained significant traction in recent years due to its cost-effectiveness and environmental benefits, making it a leading contender as a primary energy source, particularly in the fight against climate change; it is widely considered one of the cheapest ways to generate electricity globally and is a clean energy source with minimal carbon emissions, effectively contributing to mitigating climate change by reducing reliance on fossil fuels.
Key points about solar power:-
Cost-effective:-
Solar technology advancements have significantly reduced the cost of producing solar energy, making it often cheaper than traditional fossil fuels in many regions.
Renewable and sustainable:-
Unlike fossil fuels, solar energy is readily available and never runs out, providing a sustainable energy source for the long term.
Environmental benefits:-
Solar power produces no harmful emissions during energy generation, significantly reducing greenhouse gas emissions and contributing to cleaner air.
Scalability:-
Solar energy can be implemented on various scales, from small rooftop installations to large solar farms, catering to diverse energy needs.
Technological advancements:-
Continuous improvements in solar panel efficiency and energy storage technologies further enhance the viability and cost-effectiveness of solar power.
Global solar energy generation experienced significant growth in recent years, with a record 597 GW of new installations in 2024 and a total of over 2 TW installed capacity by late 2024. In 2023, solar PV accounted for around 6.5-7% of the world's electricity and added twice as much new electricity capacity as coal. China, the United States, and Japan were the top three generators in 2022, with China's contribution to new installations and total generation being particularly high.
MJF Lion ER YK Sharma
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