The world is subjected to an acute energy crisis in the modern times. Renewable sources of energy are being exploited by the most advanced technological systems to save the planet’s highly diminished traditional energy sources. This year marks the deployment of clean energy resources by industries and governments all across the world, which is sure to put a smile on your face.
The GTM Research and the Solar Energy Industries Association has given the statistical data on solar power that declares a rise of 76 percent in 2012 and decline in average cost by 27 percent. In addition to that, the report claims that as much as 16 million solar panels have been installed in the United States last year. Besides, can you believe that solar energy alone can now supply power to 3 million homes?
The Sun is not the only source that has been exploited this year. According to reports by Bloomberg New Energy Finance, the most widely used renewable source wind energy is responsible for providing power to 10 million homes in 2012, i.e. 6 percent of United States. Considering the economy, there has been a boost of 21 percent for price in wind power.
Ultimately, it comes down to how much we could curb down exhausting our already depleted renewable sources. The biggest satisfaction was almost 50 percent of energy sources have been contributed due to non-renewable sources, the highest until now. The stats clearly depict a substantial defeat of coal contributing only 36 percent energy which is a major decline compared to last year. The rest part has been due to natural gas usage. Clean Technology is going to be the next best thing, estimated to account for $426 billion revenue by 2022. If we follow these stats, we can conclude that we will proudly witness a clean energy revolution in the years to come.