Solar PV Investments
Solar PV investments are gathering pace around the world. With the realisation setting in that we no longer can rely on fossil fuels for our energy for much longer, investment in solar power has exploded over the last few years. Governments around the world are handing out huge incentives for businesses and individuals alike to invest in solar energy. Germany leads the way in Europe, with the Mediterranean countries such as Italy, Spain, Portugal and Greece catching up rapidly. In the US, California leads in way. In fact, California is the worlds third largest solar PV market in the world. There is $3.2 billion funding for the next 11 years initiated by Arnold Schwarzenegger. This long term incentive scheme creates a solid base for new start-ups, and gives the thumbs up for solar pv investments and international PV companies. Japan is leading the way in Asia. And it won't be long before China overtakes everybody seeing as they manufacture most of the solar panels on the market. So with all these initiatives gathering pace, electricity prices going through the roof, the future for solar energy is looking very rosy indeed. Over the years, the average cost of a solar PV installation cost has decreased dramatically. With the advantages of solar energy becoming all too apparent and with government incentives and innovative group purchasing programs making solar energy more affordable for everyone, solar energy seems set to explode. Since mid-2008, solar PV modules’ prices have fallen by 40% and the average solar energy installation has dropped in price by 10% from 2008-2009. In its recent report, the European Photovoltaic Industry Association (EPIA) indicated that the U.S. PV electricity market had an installed capacity of around 477 MW in 2009. The US percentage of the world market has dropped and the likes of Spain and Germany dominate. With the emergence of China and the US seemingly committed to green renewables the future looks very bright indeed for solar energy. Environment America has reported that 35-40% of homes nationwide could have PV installed on them. With 13% of Utilities providers believing that centralized electric generation will be obsolete by 2050 and with household solar energy installations growing faster than utility-scale solar, this seems a very real possibility. Environment America also reported that by 2020, 10% or more of total electricity consumption in the US could come from solar energy. Of course, clear policies to support solar power need to be implemented as soon as possible in order to achieve these aims. IEA Executive Director Nobuo Tanaka said, “This decade is crucial for effective policies to enable the development of solar electricity. Long-term oriented, predictable solar-specific incentives are needed to sustain early deployment and bring both technologies to competitiveness in the most suitable locations and times.” The facts about solar energy are there to see. All it requires now is concerted support from governments around the world. Click on solar photovoltaic energy for information on solar for electricity. Click on diy solar heating for information on solar water heating. Click on our solar power gadgets for great gift ideas. To return to our solar energy home page.
Portugal starts huge solar plant
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