The Future Looks Bright For The Solar Energy Industry

The Future Looks Bright For The Solar Energy Industry
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The Global Impact Of The Solar Energy Industry.

Five years ago, solar photovoltaic technology was still very expensive compared to fossil fuel or even wind generation. However every year the price of installed solar PV is falling by at least 5%. Today’s prices for solar panels are so competitive that it is causing a revolution in the global energy industry.

In Chile which historically has not shown any real interest in solar power, there is now a huge 25 Mwatt solar array powering a remote mining operation. With the vast amount of solar resources available not just in Chile but in all of South America, this region is set for a solar revolution in the next 5 years.

Low solar PV prices are important not just to companies and governments but for people and families. There are hundreds of millions of people in the world without access to electricity from any source. Many more millions of people rely on pollution producing diesel electric generation for power sometimes only for a few hours a day. For people like this, the chance to place a single solar panel on their roof connected to a few LED lamps and a cellphone charger will change their life! This is what a constantly falling cost of solar PV means to the world.

A single solar panel can change a life
A single solar panel can change a life

It is not just about jobs in manufacturing or installation. It is about changing our world, our carbon footprint and setting a future for everyone.

In China where air pollution from coal-fired electric generators is killing thousands of people every year, low solar PV prices have caused a shift in government policy. Today the government of China has assigned auditors to inspect all of their factories for energy efficiency and emissions and they are fining and even closing offenders. In fact, they have closed over 80,000 factories in the last 12 months.

In the last 10 years, China has been an aggressive path the launch new coal-fired generators at a rate of one new per week. That has all changed this year. They are closing coal generation and no new ones are being planned. This is a huge change and low solar PV prices are the main reason.

How small energy projects can change the supply of energy for distribution grids.

Sarah Chapman is the CEO and co-founder of Iwana Energy and strategic adviser (and former Chief of Staff) to the Global Commission on the Economy and Climate. The Global Commission’s major finding was that economic growth and climate action can be achieved together.

Iwana Energy is putting this into practice by accelerating the transition to renewable energy in emerging markets, starting with solar in Guatemala.

Ted Talk on the impact of solar power to the world
Sarah previously worked financing portfolios of renewable energy projects in China and Australia with Climate Bridge. She started her career as a management consultant at McKinsey & Company where she focused on clean energy finance.

Careers in clean energy and specifically solar power are one of the most exciting and rewarding areas that you could choose. This website tries to find and share free education resource for people of all educational backgrounds and walks of life.

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