Norwich, England -- (SBWire) -- 07/13/2015 --Climate change has become one of the factors why many people are now motivated to install solar panels on their homes. Despite the plummeting prices of this technology, and availability of free solar panels that some companies provide in exchange for the tariffs, the global solar energy market continues to soar. In fact, China dominates the solar industry and is expected to install more solar photovoltaic modules this year that it will reach 55,000 megawatts which according to the researchers, is the highest annual total today.
Whenever people hear about solar panels, what they think of are panels that are installed in the rooftops of homes and buildings. Yet in China, they have a solar farm where all the solar panels are mounted on the ground. According to the National Energy Administration of China, out of 28.05 gigawatts of solar panels that are connected to their energy grid, the 23.38 gigawatts came from the solar panels that are mounted on the ground.
Based on the solar market report that was released last Wednesday by GTM Research, the installation plans of China will mark a 36% jump over the 2014 installations where 2% growth can be seen when compared to the previous year. If this continues, a jump to 135,000 megawatts will be harvested from the global PV installations which are said to be enough to power roughly 20 million homes in US. The continued growth in the solar market industry is due to the dramatic drop on solar panel prices which is down by 75% from its previous price in 2009.
The industry statistics shows that the cost of the electricity that was produced by large-scale projects has become less than half compared to costs five years ago. In addition, most of the large corporations around the world, as well as governments from the different nation have turned to solar, wind, water and other clean energy sources that are renewable and sustainable. Many strongly believes that they made the smart move as these clean energy sources reduces the emission of the greenhouse gasses which is very harmful to the health. Also, it helps fight climate change.
While in China, with the adoption of the Chinese government to the feed-in-tariff incentives, it will drive more solar PV this year by setting a goal to install 100,000 megawatts of solar panels by 2020. And to make this attempt possible, they are going to install14, 000 megawatts of solar PV which is a cut to China's 17,800 megawatts target this year.
The emerging economies in the Latin America, Africa and the Middle East, on the other hand, are expected to have an increase in demand for solar projects in the next five years. From the installations in those regions, solar analysts see growth on annual electricity from 1% to 17% by 2020. And this inclination to solar panels will be the profound change that will happen in the global landscape.
Consequently, with the continuous adaptation of different countries to the use of solar panels, time will come that most of the industrial sectors around the world will utilise the clean energy that solar panels can harness from the sun. To get the best solar panels to be installed at home or at the office, visit http://www.getsolarprices.co.uk/ and get a free quote.
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