What Country Leads in Solar?

What country leads in solar power? The answer will surprise you: Worldwide solar electricity generation has risen by a record 20%, and solar capacity expanded by 127 gigawatts, according to a BP report. While solar power generation is generally increasing and carbon dioxide emissions are generally declining, this is not true in all countries.

To identify the country with the fastest-growing solar industries, 24/7 Wall St. looked at the solar-generation growth rate from 2009 to 2019 from the BP “Statistical Review of World Energy” report. Generation of electricity is measured in terawatt (1 trillion watts) hours. Solar generation values smaller than 0.01 terawatts were converted to megawatt (1 million watts) hours. All solar data came from the BP report. Population data for the 79 countries considered came from the World Bank World Development Indicators for 2020.

In the report’s introduction, BP CEO Bernard Looney said, “Remarkably, wind and solar capacity increased by a colossal 238 GW [in 2020] – 50% ?larger than any previous expansion. Likewise, the share of wind and solar generation in the global ?power mix recorded its largest ever increase.” He added that carbon emissions from energy use fell by more than ??6% in 2020, the largest decline since 1945.

In the United States, solar power capacity has climbed to 97.2 gigawatts in 2021 from just 0.34 GW in 2008, according to the U.S. Office of Energy Efficiency and Renewable Energy. Currently, 3% of U.S. electricity is derived from solar energy in the form of solar photovoltaics (PV) and concentrating solar-thermal power…

https://www.msn.com/en-us/money/markets/this-country-is-lead…

The linked in article will answer the question.

OTFoolish

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24/7 Wall St. looked at the solar-generation growth rate from 2009 to 2019

Percentages are funny things. If you start from a very small base…

DB2

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Percentages are funny things.

Kind of like compound interest and how it makes your principle GROW over time. The idea is that the use solar power is INCREASING over time.

OTFoolish

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Percentages are funny things.

Kind of like compound interest and how it makes your principle GROW over time. The idea is that the use solar power is INCREASING over time.

Yeah, but the idea that Ecuador or whoever is the ‘leader in solar’ is, shall we say, misleading.

DB2

Yeah, but the idea that Ecuador or whoever is the ‘leader in solar’ is, shall we say, misleading.

But not to the people of South America who now have access to, what had been unavailable, electric power.

OTFoolish