Renewable Energy And The Future

Renewable Energy And The Future

Posted on: 05 Oct, 2021

According to reports, renewable energy is expanding day by day, and it will be entirely operated in the UK by 2023. Primarily, it is led by solar energy. According to IEA, renewable energy is in its fastest period, and in the future, there will be the best resources generated by this energy. 


Today, there is almost 26% of the world's electricity made by renewable energy resources. But in 2024, it will increase up to 30%. According to resources, the solar capacity will grow by 600GW.


The Solar Energy Will Become Cheap Source


It is expected that by the year 2024 the solar energy will become 35% cheap. There are PV cells on the panel on which the sunshine falls, and it gets absorbed. As a result, energy is saved. The energy then makes electrical charges that move in the electric field, generating electricity. 

According to industry experts, the USA will double the installations by 2023, and it will be almost 4 million. According to reports, by the end of 2018, there were one million solar panel installations, and they have increased by 2% in past years. The biggest reason for the increase in the fall in the prices. 


The Future Capacity


If you have wind or hydropower energy generation systems, you might have known that they require a specific location. But solar energy means that it offers freedom, and you can properly set the schedule when the sun rises and when it sets. 

Shortly, it is assumed that solar facilities will continue reducing the variability rates by storing the electricity day and night. Even many advance solar panels operate at a high DC to AC ratio. As a result, there will be more consistent services and for long times. 

Even in low sunlight, the commercial and residential buildings will keep running according to the future predictions. According to an estimate, commercial and industrial solar energy will constitute almost 377 GW in the year 2024. 

China is still producing more electricity and is also giving solar panels at the most affordable prices. 


The Second Best Energy Source, The Wind Energy


According to an estimate, the onshore wind energy capacity will have a massive increase of almost 57% by 2024. 

You might have seen the big turbines in a wind power station. The blades of the turbine move and then spins the generator. As a result, electricity is generated. 

Because of its increased capacity, people living near shores are showing their interest in it. According to the estimate, the onshore wind capacity by the year 2024 will be increased up to 850 GW. 


Not only this, but hydroelectric power has its own role in the generation of electricity. We think that solar energy is one of the best sources for generating the electricity and helping those who need it. It provides the best and most sufficient sources so far. Anyone who is into preserving the nature must go for any of these and make their lives more comfortable.

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