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Smart investors are joining the "solar energy revolution", a term which Tim Flannery, Chief Commissioner of the Climate Commission coined in an article he wrote for the SBS World News website. This is a revolution, he says, which has gained such a momentum in the last few years that it has exceeded all government expectations.
In a Solar Energy report released by the Climate Commission last week, it was found that now more than 10% of Australians, or approximately 2.6 million people, use solar energy to generate power for their homes. That equates to more than 1 million rooftop solar photovoltaic (PV) systems in Australia, which dwarfs the 8,000 systems tallied back in 2007. In past government predictions, these numbers weren't expected to be reached until 2030 according to Professor Flannery who asserted, "the things that have happened in solar and in Australia weren't anticipated by anyone."
The report also showed that it isn't necessarily the wealthy who are having PV systems installed on their roofs, rather it is the residents of suburbs with a higher mortgage concentration and also people with fixed incomes such as pensioners and retirees. Homeowners continue to invest in rooftop solar systems even despite the removal of government subsidies and rebates. Due to increasingly high demand, governments can no longer afford to distribute these rebates, yet Australians are clearly realising that the future of energy is renewable. The idea of installing a system that can generate energy for the home, day and night also makes solar a popular choice.
Installing a rooftop solar PV system in the home is now more accessible than ever for Australian homeowners, with the cost of installation being less than a quarter of what it was in 2002. Switching to solar energy is no longer just an issue of global responsibility, it's also simply logical in a financial sense. The enormous decline in the cost of production of PV panels, down 80% in the last four years, has been significantly influenced by China, which invested a whopping US31.2 billion into solar energy last year. Given that China is Australia's largest trading partner, the country's investments certainly make a huge impact on the priorities of the Australian government. China's investment also means great opportunities for installers and could potentially provide a lot more long-term jobs for Australians in the PV industry.
This frenzied increase in rooftop solar installations in the last few years has marked Australia as a global pioneer in the renewable energy race, with our sunny country boasting the largest number of individual installations in the world. However, there is still much room for improvement. Australia's total installed solar energy capacity amounted to less than 8% of Germany's solar capacity last year.
With new technological breakthroughs in solar energy being made all the time and the speedy rate at which solar energy is becoming the new energy source of choice amongst Australian households, the Climate Commission predicts that solar energy will be providing one third of Australia's total energy needs by 2050. Professor Flannery envisions a future in which electricity bills are an "ancient memory" and where solar panels will "just be part of your household furniture."
CHICAGO, ILL., (NOVEMBER 20, 2014) - New Generation Power, a global leader in the renewable energy industry, together with Motir Seaspire, signed a Memorandum of Understanding (MoU) with the Federal Government of Nigeria to deliver 1200 megawatts (MW) of utility-scale solar photovoltaic (PV) projects within Nigeria.
Expected to break ground by 2015 and be fully operational within the next two years, the completed solar project will represent an investment of over 2 billion USD.
Chicago-based New Generation Power (NGP) has committed to work closely with Motir Seaspire and the Government of Nigeria throughout the planning, financing and construction of the 1200 MW solar energy project.
NGP Chairman, Dr. Chirinjeev Kathuria, said, "Gaining access to electricity can be life-changing. We are confident that our knowledge and experience creating large-scale solar projects will ensure a successful project. The NGP family hopes that this introductory project will act as a benchmark for continued innovative and environmentally friendly renewable energy projects across Africa that will literally alter day-to-day life for millions of people."
With plans to fast-track the solar installation, the Government of Nigeria is in the process of identifying and allocating land suitable for the project, in addition to licensing and other project requirements.
According to Jafer Hasnain, Partner of Motir Seaspire, the project aims to connect Nigeria, the United States and West Africa by providing a sustainable and efficient energy solution that will not only help the people of Nigeria, but also improve Nigerian energy infrastructure.
Nigeria has enormous solar energy potential, yet roughly 60 percent of Nigerians lack access to power.
"We must support this project, as it will be in tandem with Mr. President's long time wish for Nigeria to enjoy its abundant solar potentials especially those in rural areas, as it is envisioned that through a project like this, they would be linked to micro or mini-grid systems," said Minister of Power, Professor Dr. Chinedu Nebo.
Once completed, the Nigerian Solar Project is expected to deliver around 590,400 MW-hours of renewable electricity annually - which is enough to power roughly over 1 million Nigerian homes.
The project consortium is also committed to giving a significant percentage of profits to philanthropic activities within Nigeria that will help provide job training, healthcare and secure jobs for thousands of skilled Nigerian technicians.
NGP is currently developing over 3000 MW of solar, hydro, wind & thermal projects across the globe and is dedicated to create state-of-the-art renewable energy facilities in Nigeria beyond the initial 1200 MW.
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ABOUT NEW GENERATION POWER
NGP is headquartered in Chicago, and is a global investor, owner and operator of infrastructure assets in the key areas of Utility Scale Power Generation including Conventional and Renewable Energy Production, Distributed Generation and Mining Exploration & Extraction in the USA and internationally. NGP is developing world class Infrastructure projects including toll roads and energy projects about 3000 MW in capacity in areas of hydro, solar, wind, thermal projects across the globe. The company will be generating energy for developed and developing countries that will create job opportunities and employment for several million people. Visit the company online at www.newgenpower.com.
ABOUT MOTIR SEASPIRE ADVISORS, LLC
Motir Seaspire Advisors, LLC is a Washington, DC based company specializing in construction, infrastructure and energy development with an interest and focus in Nigeria. They act as Managing Partner for a consortium of dedicated companies concentrating on infrastructure for basic needs including energy, food, shelter and mobility. Their mission is to strategically engage Nigeria across related sectors such as renewable energy, buildings, transportation, natural gas & agriculture.
The post The Future Looks Bright For Nigeria: New Generation Power To Light Up 1 Million Homes appeared first on New Generation Power.
Option Power Sources - Solar and Wind Power Sources for your Household Use
If you want to totally get rid of your month-to-month electric bill and you want to put a cease for your worrying from the escalating electrical energy bill, you are able to indeed locate option sources of power specially that you'll find existing cost-free and clean sources of power. Amongst the popular option energy sources that may enable you to in your quest to finish that growing electricity bill will be the solar power and wind energy.
Indeed, the power on the sun as well as the wind might be your option energy sources. Apart from getting cost-free and readily offered, you'll be able to also advantage from them for a extended time, so long as your mechanism in harnessing these option energy sources is up and operating.
Solar and wind power are also clean types of power that will not give off polluted energy. Actually, they are also environmentally friendly alternatives and not very easily depleted sources of power. Read on for some tips how you can harness the power from the sun for the electricity requirements at home.
Solar Energy
Harnessing the power on the sun to provide the need for electrical energy in your residence is has been a popular concept that is certainly also adopted by a expanding population worldwide also. Although you might think that installing a solar energy method for property use may price you a bit, it is important to note that which you can really make your own personal solar panel to create use from the sun's power to run a number of your appliances or your water heater/cooler method.
Indeed, do-it-yourself solar energy systems are also becoming far more well-known these days, as several individuals are trying to see the key benefit of having your very own power at house without even spending for electric bills every month. You could ought to shed an amount for your materials.
Wind Power
Another one particular in the great alternative power sources which you must hold in thoughts would be the wind. With blades and turbines, the wind's power is gathered to generate electricity that may aid energy a component or the entire electricity needs of the household. Specially in case you are living in windy locations, placing up windmills can be a wonderful notion to create your property self-sufficient with regards to electrical energy.
Although one particular on the downsides to harnessing the energy on the wind to create the energy you desire would be the want to get a a lot larger space or an open space to create your wind speed constant. It's important to help keep in mind that power you'll be able to generate on a windmill might also depend on the speed on the wind and how open is your area. Constant speed is essential in employing wind power to generate electrical energy. If you would like a continuous supply of power out of your windmills, it's important to also take into account a minimum of a consistent wind speed within your region before putting up one particular.
Indeed, there are other alternative and clean sources of electrical energy in nature and giving attention to these options can assist you a good deal in saving cash at the same time as helping your environment at the same time.
LIPA SOLAR POWER ESTIMATOR : EXPECTATIONS OF RESIDENTIAL WIND POWER SYSTEMS - Expectations of Residential Wind Energy Systems
Energy is truly a magical thing. It delivers the light for our homes and streets, refrigeration for our food, hot water for our showers and washing, along with a host of other essential tasks. Our Energy use in the U.S. Is high, and we depend on standard, non-renewable sources for much of our fuel and electricity. As Americans and their government concentrate a lot more on renewable Energy, entrepreneurs and organizations pop as much as meet our needs.
The multiple organizations providing wind Power technology and set-up around the U.S. Have claims of efficiency, ratings for noise, and other ideas which make their product superior in a couple of method to others. The technology for wind Power systems has been speedily advancing, so it may possibly seem to the consumer that an axial turbine b... [READ MORE - LIPA SOLAR POWER ESTIMATOR]
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Many people want to know if theywill save money if they install solar panels. Solar panels cost quite a bit and people want to know if the investment will pay down in the end. There are a few different ways to look at that query. One way to answer this question is to consider the environmental cost of using other methods for producing power. Another is to look at the cost of the solar cells themselves and work out how long it would most likely take for lower power and water bills to clear the panels.
The cost of solar energy panels continues to get go down in reply to advances in technology and increased demand. The price you pay for electricity, however, just continues to rise. Nowadays you'll find a number of government programs offering tax credits to people who install renewable energy in their homes. This may actually lower the cost it can pay to install solar energy panels. There are many things which do into determining the cost of your solar cells. Learn more about cheap solar panels.
A few of these factors include things like the warranty period, the whole amount of electricity the unit is capable of manufacturing, and the brand. Although everyone want to pay as little as possible you want to look at more than price when you're choosing inexpensive solar panels. When selecting solar panels one thing you need to be sure to look at is how long you may expect the system to last. One thing that can offer you an idea of this is the length of the warranty period. Try and stay with brands that supply a twenty to twenty five year warranty. This permits you to know that you may expect at least that many years from them.
The dimensions of the unit will also impact the final cost of the unit. The simplest way to compare prices for the different kinds of solar energy panels is by knowing the bucks per watt. The power output for a solar cell is measured in watts. The more watts a panel produces the larger itwill be. Choose a solar energy panel system which can produce enough watts to meet your requirements.
