EMS 542 reading set 2 - Overview of Article The disruptive...

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Overview of Article : The disruptive potential of solar power Prasad Naik
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Background u Solar energy refers to energy from the sun. The sun has produced energy for billions of years. It is the most important source of energy for life forms. It is a renewable source of energy unlike non- renewable sources such as fossil fuels. Solar energy technologies use the sun’s energy to light homes, produce hot water, heat homes and electricity. u The main benefit of solar energy is that it does not produce any pollutants and is one of the cleanest source of energy. It is a renewable source of energy, requires low maintenance and are easy to install. The only limitation that solar energy possess is that it cannot be used at night and amount of sunlight that is received on earth is depends on location, time of day, time of year, and weather conditions. EMS 504 Economics of Energy System
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EMS 504 Economics of Energy System
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World Leaders In Solar Energy EMS 504 Economics of Energy System Source: US Department of Energy, NREL 2013 Renewable Energy Data Book
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Solar Photovoltaics (PV) – total global capacity EMS 504 Economics of Energy System
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EMS 504 Economics of Energy System
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Executive Summary u The economics of solar power is stronger than ever. u It is coming out as cost competitive power source today than it was in the mid-2000s, when market conditions were more favorable for solar energy. On other hand between 2011-2013 many solar energy companies went bankrupt.
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