Latest news on solar power

Are solar panels the future of electricity?

Panels now occupy an area around half that of Wales, and this year they will provide the world with about 6% of its electricity—which is almost three times as much electrical energy as America consumed back in 1954. Yet this historic growth is only the second-most-remarkable thing about the rise of solar power.

How much solar power will the world have by 2023?

The global solar market is burgeoning, and it’s predicted that the world will have 1 trillion watts of installed solar PV capacity by 2023.

Could a new solar technology make solar panels more efficient?

Solar cells that combine traditional silicon with cutting-edge perovskites could push the efficiency of solar panels to new heights. Beyond Silicon, Caelux, First Solar, Hanwha Q Cells, Oxford PV, Swift Solar, Tandem PV 3 to 5 years In November 2023, a buzzy solar technology broke yet another world record for efficiency.

Is solar power growing fast?

Solar's overall share of U.S. power output may currently be small, but it is growing fast, with output expanding by 155% between 2018 and 2023, according to the U.S. Energy Information Administration (EIA.) That growth rate compares with a 56% expansion in wind power and a 22.4% swell in natural gas-fired output over the same period.

Is solar power growing exponentially?

To call solar power’s rise exponential is not hyperbole, but a statement of fact. Installed solar capacity doubles roughly every three years, and so grows ten-fold each decade. Such sustained growth is seldom seen in anything that matters. That makes it hard for people to get their heads round what is going on.

Does China have a solar power shortage?

The shortfall was mostly filled by coal. China is far and away the leader on solar, accounting for nearly 36% of global generation last year. But it’s a different story when looking at how big a role it plays in China’s national electricity mix — just 6%, far below many other major solar-producing nations.