The continual expansion of renewable energy capacity is one of the most significant trends in sustainable energy.
Look. Renewable energy capacity is expected to rise a lot by 2025, according to the International Energy Agency (IEA), with solar and wind energy driving the majority of this expansion. But how? Well, its growth is being driven by several causes, including lowering prices, favorable government regulations, and increased public awareness and demand for renewable energy. And, those are three valid reasons!
Solar energy is one of the most rapidly developing renewable energy sources, and this trend is projected to continue in the next years.
That’s right! Solar technology is always improving, making solar panels more efficient and cost-effective and, is a sustainable choice. New materials and designs, for example, are being developed to improve the efficiency of solar panels and lower the amount of land required for solar farms. We’re getting there. (sustainable-wise) Even more so, in certain countries, the government covers the expenses associated with transitioning to renewable energy sources.
And the efficiency of solar panels is predicted to rise as solar panel technology improves. This implies that more energy may be created from the same quantity of sunshine, reducing the cost of solar energy.
One of the most significant issues with solar energy is that it is an intermittent energy source, meaning that it is created only when the sun shines. But bear with me. Attempts to build better energy storage devices that can store surplus energy generated throughout the day and release it when needed are underway. So, we won't need to worry about the production of energy from our solar panels during cloudy days. Great news, right?
There are ongoing advances in wind turbine technology that are making wind turbines more appealing. Yes, that’s true! New designs are being developed. But for what? Well, so that we can capture more energy from the wind, even at lower wind speeds. So, it will be possible to implement this kind of energy resource in more areas, even if they are not that windy.
However, as we become more reliant on renewable energy sources like wind and solar power, it's becoming increasingly crucial for us to implement energy storage solutions. Energy storage technology enables us to accumulate and preserve surplus energy generated from renewable sources during periods of low demand, which can then be utilized during times of high demand.
And, offshore wind projects are becoming more widespread, especially in Europe and Asia. This is because offshore wind turbines can catch more wind energy than onshore turbines and encounter less opposition from local people.
And we have to mention that wind energy, like solar energy, is an intermittent energy source. You see where we’re going right? It means that it is only created when the wind blows. As in the case of solar power, attempts are underway to build better energy storage devices that can store extra wind energy and release it when needed. This might contribute to wind energy being more dependable and cost-effective. And we hope we will get there sooner!
One thing’s for sure: Renewable energy is a fast-expanding sector that will play a huge part in supplying the world's energy demands in the future.
While there are still obstacles to overcome, such as the intermittent nature of renewable energy sources and the high initial expenditures of renewable energy infrastructure, the future of renewable energy is promising. Renewable energy is poised to become an increasingly major element of the global energy mix in the following years, thanks to continued technological improvements, supporting government policies, and rising consumer knowledge and demand. Let’s hope our future is going to be bright!
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