In today's day and age, solar energy is the cheapest source of renewable energy on the market. Find out how it has replaced other sources of energy in this article.
How Solar Power Works
solar energy is derived from the sun's rays. When sunlight hits a surface, it transforms into heat and light. This thermal energy can be harnessed by using a solar panel to convert the sunlight into electrical currents. Solar panels are made of different materials, but they all have one common goal: to collect sunlight and turn it into usable electricity.
The Benefits of Solar Energy
Solar energy has become the world's most dominant renewable energy source, accounting for more than 33 percent of global electricity generation in 2021. This represents a significant increase from the 14 percent share of solar energy held in 2020 and signals a growing trend toward solar energy use across the world. Solar energy is currently cost-competitive with other forms of electricity, making it an attractive option for both large and small businesses. Additionally, solar energy is environmentally friendly, providing a clean and sustainable alternative to traditional sources of electricity.
Conclusion
Solar energy has become the world's most dominant renewable energy source, surpassing both hydropower and wind power in terms of installed capacity in 2021. This is thanks to the decreasing cost of solar technology, as well as government policies and subsidies that have made solar more affordable for consumers and businesses. Solar energy is now the fastest-growing source of electricity worldwide, and its share is projected to increase further in the coming years.
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