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IEA predicts a dramatic drop in demand for oil (9%) and coal (8%). Gas consumption is more stable but will still drop by 5%. As a result, CO2 emissions are expected to decrease by 8% in 2020, the biggest decrease in history and would thus return to their 2010 level. #solarenergy
Investing in solar energy allows you to :
-produce your own green energy
-contribute to the energy transition
-have a silent energy system.
-make economic benefits if your system is intelligently sized
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โThis is a historic shock to the entire energy world. The plunge in demand for nearly all major fuels is staggering, especially for coal, oil and gas. Only renewables are holding up during the previously unheard-of slump in electricity use,โ said Dr Fatih Birol" Source IEA
Reports show that energy demand will fall 6% in 2020 โseven times the decline after the 2008 global financial crisis. In absolute terms, the decline is unprecedented โthe equivalent of losing the entire energy demand of India, the worldโs third largest energy consumer.
Source:IEA
Investing in solar energy allows you to:
-produce your own green energy
-contribute to the energy transition and reduce C02 emissions
-make economic benefits if your system is well sized
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Lockdown measures are driving a major shift towards low-carbon sources of electricity including wind, solar PV, hydropower and nuclear. Electricity generation from wind and solar PV continues to increase in 2020, lifted by new projects that were completed in 2019 and early 2020.
A system with batteries and solar panels has a limited lifespan and requires capital. Our system must be properly sized taking into account energy production forecasts and actual electricity consumption. Otherwise, the risk of not having a return on investment is very high.
We can consider the sizing of a renewable energy system as an equation with several variables.We have to consider all the following aspects: production forecasts, electricity consumption, costs, capacity and lifespan of components, maintenance... https://t.co/nzkfXR5SXs
All in one:
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PV installations require some capital. Our system must be properly sized by taking into account the energy production forecasts and electricity consumption. Otherwise, the risk of not having a return on investment is very high.
https://t.co/nzkfXR5SXs
#solarindustry#offgrid