Solar power – The best source of alternative energy

Sun is the major source of renewable energy and tremendous amount of energy is released from the sun. Incredible fact is that, the amount of energy radiated per second from the core of sun is more than the energy used by the mankind, since the advent of the earth. The power of solar energy is unknown to many people across the world, if proper solar energy investments are made and the energy utilized properly, then we would not have any energy crisis for generations. Various research and development programs are taking place in the solar energy sphere with the solar energy investments provided by the government. Many new technologies are to be arrived, for storing the solar energy effectively. First Solar Inc, largest manufacturer of solar arrays are currently operating with Guangdong Nuclear Solar Energy Development Company, China. Both these companies have planned to construct an unprecedented monumental solar power plant in the inner Mongolian regions of China.

Bruce Sohn, the president of the First Solar articulated that, the initial phase of the two gigawatts solar power project will be accomplished by the joined efforts of both the companies. In Ordos, a 30-megawatt demonstration project will commence this year and the overall project will be accomplished by 2020. First Solar has got permission for the solar power project from the government of China and the pilot installation phase was postponed, due to the issues with the Chinese government regarding the feed in tariffs. Bruce Sohn mentioned that, the company is welcoming energy investments and questing for engineering partnership and the amount of solar energy investment made by the company is to be declared later. T.K. Kallenbach, the project manager of First Solar asserted that, most of the share will be owned by China Guangdong Nuclear Solar Energy Development.

Ministry of Mining and Energy of Peru recently described that, the energy investments for hydrocarbon and electricity project will be around 5 billio
US dollars. Daniel Camac, the assistant energy minister of Peru said the investments in energy subsector to reach nearly 2.5 billio
US dollars. The deputy energy minister in the report declared in television mentioned that, the electricity and other sectors will experience a remarkable growth, the investments in energy sector to increase significantly, depending on the energy demand. Daniel Camac also included, the recent 4.7 percent increase in the cost of fuel is due to the alterations in the Fuel Price Stabilization Fund. At the global market the Fuel Price Stabilization Fund looks for modulations to the price the customer pays finally.