Ultra Efficient Solar Power Market to Receive Overwhelming Hike in Revenues by 2024
Solar energy is one of the rich renewable resources in the world that can be categorized in terms of the wavelengths that determine infrared, visible light and ultraviolet. The total of solar energy incident on the earth’s surface is nearly 1.5 × 1018 kWh/year. This amount is approximately 10,000 times the present annual energy consumption globally. Solar energy can be converted into electrical energy through a device called as solar cell which converts photons, present in solar rays to direct current. Solar power plant requires less area than any other energy source power plant. Doubling the efficiency of solar devices can help in completely changing the economics of renewable energy and that can be possible with the help of ultra efficient solar power plants. This technology can resolve the major issues such as increasing energy demand and pollution as a result of growing population by maximizing the amount of energy created. To obtain all-inclusive information on forecast analys...