New report finds one major energy source breaking records worldwide: 'Growing faster than people expected'
Sam Westmoreland,
msn.com, Oct. 25, 2024
As we continue to push toward greener energy around the world,
one source has blown past all expectations: solar.
According to Electrek, solar
energy is on track to exceed most industry forecasts about output and new
construction, with a projected 593 gigawatts expected to be added by the end of
2024. This is a 29% increase in production, an amount that surpasses the vast
majority of projections.
"Yet again, solar power is growing faster than people
expected, as it establishes itself as the cheapest source of electricity
globally," Euan Graham, electricity data analyst at Ember, said.
In fact, the current projections are nearly 200 gigawatts higher
than what the International Energy Agency predicted for solar growth in 2024,
which led to revised projections in June. However, according to Ember, the
industry is on track to exceed even those revised expectations.
To put solar's incredible growth into perspective, the
industry's growth this year alone exceeds all new output from planet-dirtying
coal since 2010.
The vast majority of the growth in the industry is coming from
China; according to the report, they are on track to add 334 gigawatts, or 56%
of global new solar power additions, to their grid by the end of 2024. India,
the United States, Germany, and Brazil are also some of the biggest growth
markets for solar power.
But other markets are growing as well; according to Ember's
report, via Electrek, countries like Saudi Arabia, Thailand, Pakistan, Oman,
the Philippines, and the United Arab Emirates all saw sizable growth in their
solar installations this year.
A big part of the growth of solar is the advancement of
solar technology. Scientists recently found a way to recycle the
materials from old panels, an issue that has long plagued the industry.
Meanwhile, researchers also unveiled a new
solar cell glass that can absorb energy, as well as roof tiles designed
to interface directly with heat pumps to keep your house's temperature
regulated.
https://www.msn.com/en-us/money/other/new-report-finds-one-major-energy-source-breaking-records-worldwide-growing-faster-than-people-expected/ar-AA1sWqYv?ocid=BingNewsSerp
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