A Note on The World Solar Energy Industry
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Case Details:
Report Code : BREP045
Report Length : 17 Pages
Period : 2000 - 2006
Organization : Sharp Corporation, Q-Cells AG, Schott AG, BP Solar, and Shell
Solar
Pub Date : 2007
Teaching Note : Not Available
Countries : Germany, Japan, US, Europe, China, India
Industry : Solar Energy (Renewable Energy)
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Introduction
The sources for generation of power can be broadly classified into fossil fuels
and renewable sources. Fossil fuels include oil, natural gas and coal. Renewable
sources include wind, solar, geothermal, hydro, wave and tidal power. Nuclear
energy has also emerged as a source for power generation. With the growth of the
world's population and rapid industrialization, there has been an increased
demand for power. Fossil fuel sources are limited in supply, and are being
depleted through increasing consumption. This has caused a rise in fossil fuel
prices. A major share of oil consumed globally is sourced from countries in the
Middle East region, some of which have high political instability.
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This puts at risk the consistency of supply of oil which may result in
fluctuations in the oil prices. Combustion of fossil fuels also results in
the release of greenhouse gases that lead to deterioration of air and water
quality and global warming.
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Renewable
energy sources can be developed to decrease consumption of fossil fuels
and ensure sustainability in power supply, while minimizing the negative
impact on the environment. Solar energy is a key source of renewable
energy. It is generated through solar cells or photovoltaic (PV) cells
that convert light energy into electricity. The major advantages of
using solar energy include its eco-friendly nature, contribution to
economic growth and employment, easy and quick installation, minimum
maintenance, decentralized nature, and feasibility for global technology
sharing and innovation. Hence substitution of fossil fuels with
renewable energy sources such as solar energy can improve the water and
air quality across the world and help to prevent global warming... |
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