🌞 Marking a Key Milestone in Solar Energy: 2 Terawatts Installed Worldwide The Global Solar Council (GSC) has announcedthat solar PV capacity has reached a significant milestone of 2 terawatts globally! 🌍 Remarkably, while the first terawatt took nearly seven decades to achieve, the second terawatt was reached in just two years—reflecting solar’s rapid expansion and cost reductions, now making it one of the most affordable energy sources worldwide. 🌱 2TW of solar = enough energy to power 1 BILLION households worldwide. 🏠 Approximately 60% of this capacity comes from ground-mounted solar farms, while 40% is generated by rooftop solar installations, highlighting the diverse and expanding reach of solar worldwide. ⚡ As solar continues to play an essential role in the global energy system, meeting climate goals will require doubling the installation rate to 1 TW per year by 2030. Increasing access to financing will be key to sustaining this progress. 🌏💰
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Global solar capacity hits a record 2 TW, enough to power 92 million U.S. households, with rooftop projects making up 40% of the total. The Global Solar Council (GSC) aims to drive down financing costs to achieve 8 TW by 2030. Read details at: https://lnkd.in/eN3fgVng Bizbell Bizbell Energy Hydro Village Nepal Portfolio Energy Sushmit Energy #SolarCanDeliver #3xRenewables #globalsolar #climate #solarcapacity
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Global Solar Council (GSC) just announced today that global installed solar capacity has reached the 2 terawatt milestone. This is such an extraordinary story of deployment: it took 68 years for the solar industry to reach 1 terawatt and only 2 years to reach the second one. But COP29 Azerbaijan (the ‘finance COP’), starting next week, is critical. Sonia Dunlop and the GSC team will launch the International Solar Finance Group in Baku…the first-ever global dialogue between the solar PV industry and the finance sector to bridge the financial gap between ambition and deployment. Solar is delivering in a big way. But much more is needed to meet the goal of tripling renewables by 2030! #SolarCanDeliver #3xRenewables #Time4Action #NowDeliverChange
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Floating Solar Could Provide Much Of Africa’s Energy: New research has found that several countries could meet all their energy needs from solar panel systems floating on lakes. Climate, water and energy environmental scientists Iestyn Woolway and Alona Armstrong analysed how much energy could be produced by floating solar panels on just 10% of the water surface of one million bodies of water globally. They found that Ethiopia and Rwanda could generate more energy than their current national energy need from the floating energy systems alone. How floating solar works Also known as floating photovoltaic systems, these are solar panels mounted on structures that float on water bodies like lakes, reservoirs and ponds. Floating solar panel systems use pontoons or rafts to keep the solar panels afloat. These floating structures are anchored or tethered to the edges of the water bodies to ensure stability. The systems can be designed to withstand varying water levels and weather conditions, including storms. About five million square kilometres of Earth’s surface area (or 3.7% of the Earth’s surface that isn’t covered with ice) is taken up by lakes and reservoirs. Solar panel systems could be floated on many of these surfaces. Just like solar panels mounted on buildings or the ground, the floating systems convert sunlight into electricity using photovoltaic cells. The generated electricity is then transmitted to the grid or used locally. Being on water helps keep the floating solar panels cool, and they produce more electricity than land-based solar panels and may last longer. Floating solar panel systems are used by countries that do not have a lot of land available but do have large and numerous water bodies. Ghana recently installed the largest floating solar panel system in Africa on one of its reservoirs. https://lnkd.in/g4j48xzB
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Global Solar Capacity Surpasses 2 Terawatts, With Record Growth Fueling Ambitious 2030 Target #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gk3F5wGD
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Global Solar Capacity Surpasses 2 Terawatts, With Record Growth Fueling Ambitious 2030 Target #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gk3F5wGD
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A monumental achievement for Australia's energy landscape! For the first time ever, rooftop solar has supplied over 50% of the main grid's power demand, reaching a peak of 50.4% at 1pm AEST earlier this month. This milestone not only breaks the previous record but also showcases the accelerating shift towards #cleanenergy in #Australia. With more than 23 gigawatts of rooftop #solar installed across the nation and expectations to grow fourfold in the coming decades, Australians are leading the charge in embracing sustainable solutions. This surge in rooftop #solar is transforming our energy system, significantly lowering daytime wholesale electricity prices and challenging traditional coal-fired power plants to adapt swiftly. This transition is crucial for reducing our carbon footprint and moving towards a cleaner energy future. It highlights the critical role of innovation and community participation in driving change. As we witness these exciting developments, the Australian Renewables Academy remains committed to supporting and promoting the workforce growth and development we needed for clean energy initiatives that empower our communities and lead to a more sustainable Australia. https://lnkd.in/g-HGFJiT Empower Australia Forum 2024 in Melbourne on 14 November Looking ahead, the Australian Renewables Academy invites you to continue these important discussions at the Empower Australia Forum on 14 November 2024 in Melbourne. This flagship event will further explore themes from our nationwide dialogues and enhance collaborative efforts to shape Australia's clean energy landscape. Prepare for a day of impactful discussions and strategic networking—perfect for building on the momentum from our 2024 events nationwide. To be part of the conversation, register here: https://lnkd.in/g5C-6faZ. #RenewableEnergy #SolarPower #Sustainability #Innovation #AustralianRenewablesAcademy
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🌞 2 terawatts of #solar power – and we’re just getting started! The world just reached a record 2 TW of solar capacity. According to Reuters, more solar was added in the past two years than in the previous 68 combined. The challenge now is to achieve 8 TW of installed solar power in total by 2030, which would amount to more than half of the 11 TW of renewable capacity needed to achieve a UN goal set at COP28 last year. This milestone is proof that the #renewableenergy transition is happening right now. At Alight, we’re proud to power this movement, helping businesses reach their net-zero goals. Here’s to the next terawatt!
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The UK is poised to become a leader in solar power!☀️🏭 The article from SolarPanelPortal highlights the UK's potential for solar energy, citing factors like abundant sunshine hours and decreasing solar panel costs. Additionally, the government's ambitious solar energy targets are encouraging businesses to adopt solar power. Read more here - https://lnkd.in/eWz5RS43 If you're a business owner looking to reduce your energy costs and improve your sustainability credentials, solar power is a great option to consider! #GetSolarSaveMoney
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The UK can beat Australia at solar deployment writes Gurpreet Gujral from Atrato Group in New Energy World. Against a grey backdrop of a ‘classic’ British summer, this may seem counterintuitive, but “despite its cloudy reputation, solar can play a fundamental role in the UK’s clean energy transition.” Read how irradiation is only one piece of the solar puzzle and that supportive policies, innovation and investment are all needed to be a solar superpower. In particular, with 2.5bn m2 of commercial south facing rooftops in the UK, corporate power purchase agreements are key to driving solar uptake. https://lnkd.in/e52c9x-q
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Australia’s Solar Surge: Managing Surplus Energy ☀️ Australia has achieved a remarkable milestone, with over 4 million homes and businesses now equipped with solar installations. This rapid adoption has led to unique challenges in managing surplus solar energy during peak production periods. Key Highlights: 🌞 Record Solar Installations: Solar panels now power millions of Australian homes and businesses, demonstrating the country’s commitment to renewable energy. 🌱 Embracing Surplus Energy: Experts suggest that allowing some solar energy to “spill” (go unused) during peak production is a natural outcome of abundant resources. ⚡ Grid Management Solutions: The surplus highlights the need for innovative grid management to balance energy supply and demand effectively. 🌍 Sustainable Energy Future: This development underscores the need to adapt to evolving dynamics in energy production and consumption. Read the full article on Australian Broadcasting Corporation (ABC) https://lnkd.in/gS45yEJm #SolarEnergy #RenewableEnergy #Australia #CleanEnergy #Sustainability #EnergyTransition #SolarPower #EnergyManagement #EnvironmentalImpact #SolarAdoption #ClimateAction
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