The power of solar installations around the world is growing superfast

It is expected that solar energy will exponentially grow as an important source of meeting global energy needs, according to Norwegian company REC CEO Steve O’Neil. The cost of solar energy production will also decrease due to improved technology and new technical developments. And floating solar panels will become an important part of the future in converting sunlight into energy.

Every two years the installation speed doubles.

Despite this, at present only 2% of electricity in most countries in the world is provided by converting sunlight into energy.

In early 2017, it was reported that the total amount of solar energy added globally increased by about 50% compared to 2016 due to the US and China.

Worldwide, solar power is 305 gigawatts with 50 gigawatts in 2010.

– There is no doubt that the costs will continue to decline. Now, around the world, solar energy costs about 8 cents per kilowatt-hour. This is 70% less than in 2010, and these costs will continue to decline as technology advances, “O’Neil said.

Moreover, according to him, improved storage allows the use of solar energy, even when it is cloudy or cloudy. One of the new areas of development are floating solar panels. They not only generate energy, but also protect water resources in reservoirs. Water also supports the cooling of solar cells, which is necessary for optimal energy production. According to O’Neill, floating solar panels will play an important role in the future conversion of sunlight into energy.