Sun is the most important and abundant source of energy; however, it is also the most under-used. At present, only a miniscule percentage (0.1%) of energy needs of the world are fulfilled by solar energy. Solar powered electricity is a relatively new technology that uses sunlight to operate turbines for electricity generation. One important technology is Photovoltaic (PV) which uses solar cells to convert solar energy into electricity.  Electricity from solar energy has a low contribution to the gross electricity consumption but has very high mid to long-term potential. 

Governments are actively mitigating the high costs to implement and promote individual solar based technologies through incentives. Financial support from Governments has helped solar energy achieve some of the cost reductions which was needed for mass deployment. The “on-grid” energy capacity is therefore growing quickly in Europe, led by Germany and the Netherlands. 

• Fastest growing renewable energy market
• Availability
• Positive impact on environment
• Low marginal cost