Solar Energy Facts

I. INTRODUCTION

In our present electricity generation system we waste more than half of its resources. Especially the transmission and distribution losses are the main concern of the present power technology. Much of this power is wasted during transmission from power plant generators to the consumer. The resistance of the wire used in the electrical grid distribution system causes a loss of 26-30% of the energy generated. This loss implies that our present system of electrical distribution is only 70-74% efficient. We have to think of alternate state – of – art technology to transmit and distribute the electricity. Now- a- days global scenario has been changed a lot and there are tremendous development in every field. If we don’t keep pace with the development of new power technology we have to face a decreasing trend in the development of power sector. The transmission of power without wires may be one noble alternative for electricity transmission.

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With the recent introduction of plug-n-play solar chargers into the market, solar power is within the reach of just about anyone. You no longer have to be a tech savvy “do-it-yourself-er” in order to harness solar power.

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With the recent introduction of plug-n-play solar chargers into the market, solar power is within the reach of just about anyone. You no longer have to be a tech savvy “do-it-yourself-er” in order to harness solar power.

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[Editor's Note: This is the eighth installment of our “Outlook 2009” series, which looks at the global investing outlook for the New Year.]

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WHAT IS SOLAR ENERGY?

Since its very creation, the Sun has had much to offer the Earth. Mankind has been able to harvest solar energy.  As the Sun shines its rays down on the planet, solar cells collect the light and it is transferred into electricity, allowing you to power almost anything.  Solar energy will burn for millennia to come and is considered one of the fastest growing fields in renewable energy sources.

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