New Delhi: With investment in solar
power projects expected to double in the next five years, photovoltaics
could account for nine percent of the global power demand by 2030,
according to a study.
Photovoltaics (PV) is a method of
generating electrical power by converting solar radiation into direct
current electricity using semiconductors.
The study by the European Photovoltaic Industry Association (EPIA) and environment protection group Greenpeace International said that investment in solar projects will increase from 215 billion (around $4,800 million) today to 430 billion ($9,600 million) in 2015.
The study by the European Photovoltaic Industry Association (EPIA) and environment protection group Greenpeace International said that investment in solar projects will increase from 215 billion (around $4,800 million) today to 430 billion ($9,600 million) in 2015.
"Solar photovoltaic is a key technology
to combat climate change and to secure access to clean electricity. By
2015, the global market could be twice as big as today, leading to a 430
billion investment. Our goal is to make solar photovoltaic a mainstream
power source through more supportive policies around the world," said
Sven Teske, senior energy expert at Greenpeace International.Current
solar PV global capacity could grow from 23 GW at the beginning of 2010
to 180 GW by 2015, according to the report.
"Solar power can make a massive
contribution to global electricity supply, especially in developing
countries. By 2030, over 2.5 billion people could benefit from solar
energy, but we need political commitment to make this happen," said
Ingmar Wilhelm, president of EPIA.The report said that over 1,800 GW of
PV could be installed by 2030 and this would save as much as 1.4 billion
tonnes in carbon dioxide emissions every year.
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source:http://www.siliconindia.com/shownews/India_to_make_headway_in_education_with_low_priced_laptops-nid-70082.html
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