Solar power generation industry

The solar energy industry is booming and can supply 2.5% of the world's electricity demand by 2025 in place of fossil fuels, a report released yesterday by the Peace Organization. Green and Power Industry Association from European Sunlight (EPIA).

According to the two organizations, by 2025, 'solar energy will replace the annual electricity output of about 150 coal-fired power plants'.

The report said that solar power generation systems currently supply 0.5% of the world's electricity demand and could increase to 2.5% by 2025, then soar to 16% on 2040.

" The solar power market is booming ," the report said, adding that sales of global block-layer photovoltaic systems increased by an average of 35% annually. This growth rate is expected to be more optimistic, and solar energy will be a formidable " rival " of fossil fuels, even when the fuel is subsidized and oil prices are at 70. USD / 1 barrel.

According to the report, in 2005, the market for solar photovoltaic systems was 8.1 billion euros (10.41 billion USD). This figure is expected to increase by 113.8 billion euros by 2025.

Many rich countries, from Germany to Japan, are now pushing solar energy to replace fossil fuels - a " culprit " that raises global temperatures and threatens to destroy the earth's climate. According to calculations, solar radiation to the Earth's surface is more than 10,000 times that of human energy.

WALL VY