Solar power showing greater mainstream potential

Date: 27 October 2011
NEW YORK — Solar energy may finally get its day in the sun.The high costs that for years made it impractical as a mainstream source of energy are plummeting.

Real estate companies are racing to install solar panels on office buildings. Utilities are erecting large solar panel “farms” near big cities and in desolate deserts. And creative financing plans are making solar more realistic than ever for homes.

Solar power installations doubled in the United States last year and are expected to double again this year. More solar energy is being planned than any other power source, including nuclear, coal, natural gas and wind.

“We are at the beginning of a turning point,” says Andrew Beebe, who runs global sales for Suntech Power, a manufacturer of solar panels.

Solar’s share of the power business remains tiny. But its promise is great. The sun splashes more clean energy on the planet in one hour than humans use in a year, and daytime is when power is needed most. And solar panels can be installed near where people use power, reducing or eliminating the costs of moving power through a grid.

Solar power has been held back by costs. It’s still about three times more expensive than electricity produced by natural gas, according to estimates by the Energy Information Administration.

Read more:

600450 Solar power showing greater mainstream potential
Date: 27 October 2011

See more news about:

See more from these topics:

Others also read

Dubai Investments showcases innovative, coloured solar photovoltaic panels from Emirates Insolaire at WETEX
Sunpartner Technologies and Avancis announce their strategic partnership in energy-producing solar glass based on Avancis´ CIGS thin-film technology.
Onyx Solar© will present their newest solutions, including samples of the world’s first walkable photovoltaic floor.
Onyx Solar received an award for the most sustainable material at the WSSET INNOVATION AWARDS 2016.
SolarWindow™ generates electricity when its transparent organic coatings are applied in thin layers on to glass surfaces
The Green Sports Alliance has bestowed the award to Miami Heat and their American Airlines Arena.   

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/

Add new comment