As far as hydrocarbon are reducing in volume and world is shifting more towards machine and robotic life, indeed a power hungry and digital life.human being is search of new power sources like nuclear energy coal energy and solar energy.Sun is oldest and strongest most abundant source of energy.
Less than a decade ago solar energy producing cells has been on domestic and commercial level but the facility is only available to the countries which have longer day time and clear weather for sun.In 2016 there is commercial change in production in the countries like Chilli , Saudi Arabia,UAE, Mexico and Jordan two power companies Enel SpA and Dublin are searching for power supply since last year and hoped that a great power shift till 2021.
Adnan Amin international renewable agency director claims that when you double the production cost automatically reduced to 20%,it is hoped that it will be cheapest and available energy form till 2035 to industry dependent nations.
Forecast for the future energy :
- U.S Southwest based GTM research predicted to drop production cost to 75 cents in 2021.
- Donald Chung U.S renewable energy department official expected decrease in cost less than a dollar till 2030.
- International Energy Agency expects 25% cost till next five years.
- 43% to 65% drop till 2025, as it has been decreased 84% since 2009.
- Jenny Chase- solar energy analyzer said that 73 cent per watt till 2025
Perspective of coal industry giants:
The possible and high competitor of solar industry is coal producer, are little in secure about the future of consumption of this nonrenewable energy source.But in official statement they have revealed that there is solar energy is temporary and intermittent source of energy that do not produce enough and continuous power supply to specially night shift of industry.It is expected most of the energy consumption in future is solar energy.