Solar Power Could Supply Energy to 4 billion Worldwide by 2030

According to the Solar Generation V Report recently published by Greenpeace and the European Photovoltaic Association [EPIA], “Solar electricity can contribute largely to the energy needs of two-thirds of the world’s population - including those in remote areas - by 2030.”

The report also estimates that more than 1800 gigawatts of photovoltaic systems will be installed worldwide by 2030. That’s enough power to meet approximately 14% of global electricity demand and supply energy to more than 4 billion people.

Not only is solar power beneficial to the environment, it’s also quite positive for the economy.

The new Solar Generation report also reveals that the global population of “green collar” workers responsible for the sale, installation and maintenance of photovoltaic solar systems is expected to balloon from 120,000 currently to more than 20 million in 2020 and nearly 10 million by 2030.

These jobs are created locally and therefore promote the economic advancement of local economies in virtually every corner of the globe. Increased dependence on solar power should also hopefully move us closer to more sustainable communities.

Currently, grants and tax breaks are helping facilitate the growth of the solar industry. Hopefully, by 2015 to 2020 the solar field will be cost-competitive with conventional energy sources. One of the main solar companies out there is LDK Solar Co., for more information click here.