Solar Energy Is Considered The Cheapest Renewable Energy In The World

Written by Valdemar Medeiros

Published on 27/03/2021 at 11:25

Prédio coberto e painéis solares – Fonte: Reprodução Google

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The Average Costs of Solar Power Modules Fell Worldwide, Making Renewable Energy More Accessible

Renewable energy is increasingly part of our reality, which was once considered quite uncommon and expensive, but this may change in the future, as after a long price decline over the years, solar energy has become the cheapest electricity option in history.

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This result does not mean that solar energy is the cheapest renewable energy in all regions of the world, but still, in the United States, the average costs of solar modules have fallen drastically in the last 15 years, going from US$ 3.50/Wp to US$0.50/Wp.

Plans for the Future Market

The U.S. Department of Energy (DOE) aims to cut costs for solar power plants by 60% by 2030. The current U.S. Secretary of Energy, Jennifer M. Granholm, said that “In many parts of the country, solar energy is already cheaper than coal and other fossil fuels, and with more innovation, we can cut the cost again by more than half in a decade.”

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Solar Energy Market in Brazil

Photovoltaic energy is the renewable energy that has been growing rapidly. There are various economic and environmental benefits that are helping to drive the growth of this renewable energy source.

It represents, in Brazil, only 1.7% of the entire energy matrix, however, the number of installed photovoltaic systems in Brazilian territory has grown considerably, especially in the Southern and Southeastern regions of the country.

Solar renewable energy is being predominantly used in Brazil in residences, as an aid in reducing electricity bills, either through thermal energy, heating water, or by using photovoltaic energy to generate electricity.

Solar Energy Is Considered The Cheapest Renewable Energy In The World

The Average Costs of Solar Power Modules Fell Worldwide, Making Renewable Energy More Accessible

Read Also

Plans for the Future Market

Solar Energy Market in Brazil

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Solar Energy Is Considered The Cheapest Renewable Energy In The World

The Average Costs of Solar Power Modules Fell Worldwide, Making Renewable Energy More Accessible

Read Also

Plans for the Future Market

Solar Energy Market in Brazil

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Using high-resolution satellite images, archaeologists rediscovered the Egyptian city of Imet, buried for centuries in the Nile Delta, revealing rare multi-story houses, granaries, and a sacred road linked to the cobra goddess Wadjet, from about 2,400 years ago.

Two 17-year-old Kenyans use coconut shells, corn cobs, and recycled materials to create an exhaust filter that reduces 93.3% of pollutant particles and wins an environmental award in Africa.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

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USA covers canal with 2,556 solar panels and transforms irrigation into a clean power plant in the middle of a drought-stricken region

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