According to a report launched by the European Photovoltaic Industry Association (EPIA), a Belgium-headquartered association that promotes the solar market throughout the globe, and Greenpeace International, a nonprofit organization with a presence in 40 countries, by the year 2025 two billion households worldwide could be powered by solar energy.
The report, titled ‘Solar Generation,’ reveals the use of solar PV in the future. The numbers are based on the market's development over recent years – both globally and in specific regions, the potential for PV based on solar irradiation, availability of roof space, and the demand of electricity in areas not connected to the grid.
The report states that the solar PV market has grown more than 40% each year for almost a decade now. The average growth rate worldwide is projected to be 35% up to 2009; 26% between the years 2010 and 2015; 19% between 2016 and 2020; and 11% between 2021 and 2025.
‘The next two years are crucial for solar electricity to move out of the niche market and into mainstream energy production, where it belongs,’ says Sven Teske, Greenpeace International's climate and energy campaigner. ‘For the expansion of solar power to be successful, commitment from not only the industry but also governments must play their part in the energy revolution.’
If more investments are made to fulfill solar PV's potential, the report states that the industry could create more than 2 million jobs by 2040 and reduce the annual carbon dioxide emissions by 350 million tons, which is equivalent to 140 coal power plants, by 2025. To download the report, go to www.greenpeace.org/international/press/reports/solargen3