The U.S. Energy Information Administration (EIA) in its latest report has stated that solar power is the most predominant source of renewable energy in the U.S., and it’s expected to keep growing at a very fast pace.
Due to advancement in technology and rise in efficiency of the solar power plants, the cost of energy per kWh has been dropping drastically. In the United States, solar power cost has dropped a whopping 70% since the year 2009, as the panels are getting smarter.
Many people are opting for green energy because it is clear that the cause of our environmental problems is the continued use of fossil fuel. Fortunately, fossil fuel can be substituted by fairly affordable green energy choices today, one of them being solar energy. Solar power is an efficient means of giving out clean energy.
Saudi Arabia, the second largest Oil producer of the world is all set to slowly become the world’s largest producer of Solar Energy. The kingdom exporting 11,624,000 barrels of oil per day has realized the necessity to utilize the renewable energy sources effectively. It looks an odd decision for the country like Saudi Arabia having such huge oil recourses and holds the second biggest market share in the global oil market.