Why Renewable Energy?
The majority of the world’s electricity supply continues to be generated from fossil fuels such as coal, oil and natural gas. However, these traditional energy sources face a number of challenges including price volatility, security concerns over dependence on imported oil, and environmental repercussions. Renewable energy sources have emerged as real alternatives which address some of these concerns and governments around the world are creating policies to encourage the uptake of renewables.
The passing in 2009 of Ontario’s Green Energy and Green Economy Act, along with Ontario Power Authority’s (OPA) Feed-in Tariff (FIT) Program have created North America’s first comprehensive guaranteed pricing structure for renewable electricity production. FIT offers stable prices under long-term contracts for energy generated from renewable sources.
Solar power has emerged as the most rapidly growing renewable sources of electricity generation and is posied to comprise a significant portion of the world’s energy mix – today and into the future.
Some of the benefits of solar power include:
A cleaner environment
Solar energy is an efficient and renewable power source. Solar power, when used as an alternative to fossil fuel and coal-generated electricity, can significantly reduce greenhouse gas emissions.
A limitless source of energy
Unlike fossil fuels such as coal, oil and natural gas, we don’t need to worry about running out of solar energy. In fact, larger installations will be able to produce solar power regardless of the time of the day, thus producing non-stop sustainable solar energy. During the day the energy is produced by harnessing the solar radiation.
Independence from imported fuels
Solar power is playing an important role in increasing the security of the global energy supply. Solar energy production does not require fossil fuels and therefore reducing dependence on non-renewable and expensive natural resources.
Solar panels, once properly installed, require very little maintenance. They don’t involve any moving parts that will wear out or need replacing. Even the most basic solar panels can be relied upon to produce thousands of hours of energy with a bare minimum of maintenance.
No noise pollution
There is no noise emitted from the generation of solar power.
Not only is wind energy the lowest cost option for new electricity supply in most of Canada, but it is a cleaner and more sustainable energy option. Studies have shown that wind is one of the most reliable sources of power and has helped contribute immensely to Canada’s electricity demand.