Exploring Solar Energy News

Solar energy news updates are necessary for anyone interested in the renewable energy sector and renewable energy technologies. News about global solar markets such as China, India, Germany, and Brazil will be crucial for anyone who either wants to invest in alternative energy sector, pursue a career, and/or start their own small business based on these energy sources.

Renewable Energy news comprises of technology development, policy, product prices, education, and training such as green MBA online.

Growing Solar Energy in the United States

SolarStrong (one of the leading solar energy companies) plans to double the number of US residential photovoltaic (PV) installations because of the support provide by United States government through a $ 344 million loan. What makes it a big solar energy news item is that solar strong has committed to the project called solar city where it will work with US military housing developers to install and operate approximately 160,000 rooftop solar power installations in 124 military housing development spread across 33 states.

The project will create approximately 371 megawatts of residential solar power and will ultimately result in about $ 1 billion worth of total solar projects. Bank of America Merrill Lynch will serve as the lead lenders for this project. The goal of these funded project and others is to eventually bring the cost of solar power to $2 per watt –without subsidies.

Development of cheap solar energy technology to meet the news of citizens living in developing world can be revolution. Look at this video to see how solar bottle bulb is changing millions of lives:

Solar Energy Jobs News

According to the US Dept. of Energy’s National Renewable Energy Lab’s (NREL) Jobs and Economic Development impact models, SolarStrong installations in these US military privatized housing can create up to 6,000 direct jobs related to both installations and maintenance of solar panels.

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Solar Energy Technologies|Renewable Energy Technologies

One of the big solar energy news indicates that Trina Solar (another big player in solar energy sector) had developed more efficient multicyrstalline solar PV module. Recently, in the lab setting a 156 x 156 millimeter, 60-cell module produced a peak 274 Watts of electrical power. The increase in efficiency comes from Trina’s new “Honey” technology where solar modules are made up of 60 newly developed six-inch deep blue cells.

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Photovoltaic (PV cells) versus Concentrated Solar Power (CSP)

The falling price of PV has become a challenge for CSP, which started out as a big player in Spain. In 2013, the PV price will be half of what they used to be in 2009. Earlier, the International Energy Agency (IEA) has predicted that by 2050 CSP could provide 11.3 percent of global electricity. However, with the shifting marker prices, PV cells would be contending strong for this share.

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As of now, 90 % of the CSP market is dominated by Spain and the USA presently but other countries such as Algeria, Australia, Egypt, France, Italy, India, Mexico, Morocco and South Africa are also looking into investing in CSP.

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