A quarter of the globe will be solar powered by 2050

Studies state that a quarter of the world will be powered by solar energy by 2050. Since we are seeing a surge in mega solar projects world wide (Hawaii, Taiwan, Australia, Spain), it isn’t unnatural to expect 25% of the globe to be free of grid connectivity. Three groups, Greenpeace, the European Solar Thermal Electricity Association (ESTELA) and the International Energy Agency’s (IEA) SolarPACES group assert that solar power could meet up to seven percent of the world’s projected power needs in 2030. It is reported that a giant surge in investments to 21 billion euros a year by 2015 and 174 billion a year by 2050 will also help to create many job opportunities. Solar plants would also have installed capacity of 1,500 gigawatts by 2050. It is estimated that concentrating solar power installations made up just 430 Megawatts of the world’s electricity generation capacity at the end of 2008. However another four decades for just a part of globe to go grid-free seems to be a long wait. Wonder when our whole planet can be enjoy this green liberty!
[Businessinsider]