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Global Solar Power - Case Study Example

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The paper "Global Solar Power" presents that Global warming is more than just an environmental issue. It affects our lives and threatens our existence on earth. Its reality is much beyond any dispute or debate. It is a real threat facing humanity today…
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Global Solar Power
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Download file to see previous pages From the time of the birth of the alternative power industry until today, it has been a fast journey. As mentioned earlier, Governments of various countries across the globe encourage the development of such an industry on the ground to combat the evil effects of global warming. However over the past two years due to fluctuations in the supply and price of fossil fuel, alternative power especially solar energy has helped at maintaining a steady distribution of power. From a mitigator of greenhouse gases, solar power has evolved to be a crucial form of energy for the world. This fact has been further driven hard by the fast depletion of some of the major oil reserves of the world like the Greater Burgan Area of Kuwait. Even a decade ago because of low rates of return on investment, the competition in the solar power industry used to be very low. However in recent years with returns on investment averaging around 8 years, investment in solar energy has become cheaper and there is an increased threat of the entry of new players into the industry. Also, the degree of rivalry between the existing players has relatively increased over the years.
Solar energy has almost no threat of substitutes. It is the most widely recognized form of alternative energy, more so in the countries that receive a good amount of sunlight throughout the year. Though wind and tidal energy is also being harnessed at an increasing rate, it has to go a long way before it can actually give solar power a tough competition. The solar power industry is being encouraged in almost all parts of the world except for the polar and relatively cooler regions. The solar power industry is experiencing an expanding market. The primary market for solar power is primarily concentrated in the developed countries of the world while the secondary markets are more scattered among the developing countries. The rationale behind such grouping of markets is the fact that solar power generation set-up is expensive and the developing nations cannot afford the money or the research and development that just initiatives demand. ...Download file to see next pagesRead More
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