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solar costs to fall further, powering global demand - irena
90 GW of new solar capacity will be 5-
In October 23, Florence Tan Singapore, the cost of solar panels will drop by 60 pct in the next 10 years (Reuters)-
Solar costs will drop another 60% over the next decade, giving another boost to the already booming market, the head of the International Renewable Energy Agency (Irena)said on Monday.
Due to the sharp decline in costs and efficiency, solar energy is in the midst of a boom, raising global capacity from almost zero at the beginning of this century to 300 gigawatts (GW)
This figure is expected to rise again in 2016 by the end of 2020.
Adnan Amin predicts that in the next five to six years, the world will increase its new solar capacity by 80 to 90 GW per year, enough to power more than 8 billion LED bulbs, director general irena told Reuters, the forecast of the International Energy Agency exceeded 73 GW (IEA).
\"It\'s easy to accelerate as future costs fall,\" Amin said . \".
\"China can do 50 giva in a year alone.
\"In the next ten years ,(utility scale)
\"Solar energy could drop by 60% or more,\" he said in Singapore on Monday . \".
This growth will mark China as the world\'s largest and fastest-growing solar market, as Beijing relies on renewable energy to reduce air pollution from coal.
Thermal power plant.
Amin said that India\'s solar demand will also increase significantly in the next few years, but he expects solar demand in Southeast Asia to be more complicated.
\"The target is 23% (
Renewable energy in ASEAN by 2025.
\"We think it\'s ambitious, but it\'s achievable,\" he said . \".
Solar share of the Association of Southeast Asian Nations (ASEAN)
10 members are currently negligible.
The improvement of solar technology, especially from thin films, can be applied to windows, Amin said.
Although this is already possible, it is still very expensive.
Irena also expects battery costs to drop 60% to 70% over the next decade, which is key to supporting a technology that relies on the day.
Amin said that despite the economic prosperity of the United StatesS.
Trade barriers will only cost the world\'s largest oil consumer more solar energy. U. S.
President Donald Trump is expected to announce early next year whether measures will be taken to limit imports after the US economic crisis. S.
The International Trade Commission found in September that cheap imports hurt domestic panel manufacturers.
\"It\'s not always the best strategy to try to protect your industry and keep it high.
Because in the long
\"What you want to do is reduce energy costs,\" said Amin . \".