| |July 202019ccording to Global Energy Transformation, a report by In-ternational Renewable Energy Agency (IRENA), "the share of renewable energy in the power sec-tor would increase from 25% in 2017 to 85% by 2050, mostly driven by growth in solar and wind power gen-eration."The solar panel, using photovolta-ic and silicon solar cells to convert ra-diation into power, has become quite popular around the world. Increas-ingly becoming an essential energy option for the future, solar power has had a long history of failed starts and limited distribution."In 2018, 181 gigawatts (GW) of renewable power was addedwith ris-ing number of countries having high shares of variable renewable energy (VRE)", according to Renewables 2019 Global Status Report.Solar PV: The Growth StorySolar PV capacity in 2018 stood at 505.5 GW, an increase of slightly more than 100 GW from previous year (2017) when it stood at 405 GW.Demand for solar panel is ex-panding as it becomes the most com-petitive option for electricity genera-tion - for residential and commercial applications and for utility projects. Markets around the world are contrib-uting significantly to global growth of solar panel. Eleven countries add-ed more than 1 GW of new capacity during 2018, up from 9 countries in 2017 and 7 countries in 2016. The figures justify the growth story of solar power. While support system of some kind is still needed for solar PV in most countries, inter-est in purely competitive systems is HOW SOLAR PANEL IS BECOMING AN INCREASINGLY POPULAR FORM OF ALTERNATIVE ENERGYCo-Founding and Directing Loom Solar, Amol Anand headed the Product Marketing division for Luminous Power Technologies. By AmolAnand, Co-Founder and Director, Loom SolarTHOUGHT CENTRAL A
< Page 9 | Page 11 >