Hello solar enthusiasts and green energy aficionados! Today, we’re going to dive deep into some intriguing developments happening in the world of solar. This is exciting stuff for anyone interested in securing a solar array for their home or simply keeping tabs on the strides being made by solar companies worldwide.
First off, we’re looking at a massive solar initiative planned by South Korea, named the Korean Space Solar Power Satellite project. This audacious project aims to launch a behemoth 2.2 km by 2.7 km satellite fitted with an immense solar array. It’s mind-boggling to think of a solar array this size floating in space!
This solar company is planning to organize this array using 4,000 sub-solar arrays, each with measurements of 10 m by 270 m. The overall system power efficiency is slated to be approximately 13.5%. The ambition is to generate around 1 TWh of electricity per year. If you’re contemplating solar panels for your home, this project might seem like something out of a sci-fi flick!
Moving from Asia to North America, the ever-growing solar industry is also making waves. Quebec is assisting in funding a new manufacturing setup for transformers, indicating rising demand driven by renewable energy adoption.
Similarly, we’re witnessing substantial advancements in the United States, particularly within the Appalachian region. The newly formed Green Bank for Rural America is poised to nudge the move towards renewable energy by assisting community lenders. Their focus will primarily be on backing projects related to distributed solar and storage. Their initiatives signify a positive move for homeowners considering solar panels for their home.
Continuing on the theme, a leading defense company has committed to substantially reduce its emissions within this decade. By purchasing 1.5 million MWh of renewable energy over the next decade, the major defense company plans to decrease their emissions by an impressive 46%.
In every corner of the world, it seems that the goal of adopting more eco-friendly energy sources continues to gain momentum. Whether we’re discussing opportunities for individual households to install a solar array for home use, or large scale projects by solar companies, the investment and commitment to renewable energy keeps growing.
Stay tuned with me on this solar journey. Together, we will continue to illuminate the achievements, advancements, and potential that come with this ever-evolving renewable energy source. Until next time, keep envisioning a brighter, cleaner future with solar!
Original Articlehttps://pv-magazine-usa.com/2024/04/30/sunrise-brief-sungrow-posts-1-3-billion-profit-for-2023/