Australian news, and some related international items

International Energy Agency predicts unprecedented growth in renewable energy, especially solar

Renewable Energy to See Huge Growth Over Next 5 Years  July 11th 2012  GetSolar  . Renewable energy, including solar energy, will be even more popular over the coming years, according to a new International Energy Agency report.

Over the next five years, the report predicts a 40 percent increase in the generation of energy from renewable sources worldwide. If that comes to pass, then renewables would generate 1.5 times the amount of energy currently produced in the United States.

“Renewable energy is expanding rapidly as technologies mature, with
deployment transitioning from support-driven markets to new and
potentially more competitive segments in many countries,” IEA
Executive Director Maria van der Hoeven said.

Of all the renewable energy sources, the IEA report predicts solar
power to see some of the biggest increases. According to the U.S.
Department of Energy, solar is the most abundant renewable energy
resource worldwide.

Solar power already shows signs of unprecedented growth in the United
States. The Wall Street Journal reported that twice as many solar
panels will be installed this year as last year. Part of the reason
for this expected growth is a decrease in the price of panels.

Why Solar Power is Expected to Grow

Solar energy is readily available regardless of location, as all 50
states have enough sunlight to generate power for between 850 to 1,200
houses, according to the Energy Department.

Additionally, the price of installing solar panels has fallen
dramatically over the past two years, and this trend is expected to
continue. The price of a solar panel on average dropped by about 50
percent over the past year, according to GTM Research…..

July 12, 2012 - Posted by | Uncategorized

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