GBCORP’s Green Vision
Since the beginning GB corp has had the vision to create a sustainable future and Throughout the years, under the visionary leadership of our founder, GB corp has strategically planned and accumulated properties around the world to make this Vision a reality.
Economics of photovoltaic project
- On an average 1 Megawatts solar farm project costs around $1 million.
- The landmass required for such project is around 3 acres, however it is greatly influenced by the geography of the land and the efficiency of the panels.
- Taking the factors into consideration, on an average 1 acre of land can be utilized for around 300 to 400 MW generating project.
- The cost of setting up solar farm per acre starts around $600,000, however depending on the size of the project the space required and the quantity of panels required can affect the cost of installation.
- Large scale projects require more space therefore economies of scale will apply.
- Also taking into consideration there are many types of technologies in the photovoltaic Industry.
- Some of the popular options are heterojunction panels, half cell panels and bifacial panel.
- On an average the photovoltaic cells have an efficiency of 25-40%, however it is greatly affected by the amount of sunlight per square meter and also the intensity of the sunlight in particular area.
- A 1 acre or 300 mw farm can power 200 households on an average.
- GB Corp has accumulated landmass in countries like Usa, Canada, Australia, Turkey, Indonesia & India.
Conclusion
- Solar energy is the future of Power Industry.
- Much lower maintenance costs than the conventional fossil fuel alternatives.
- Investment in a solar project is a lucrative option for potential investors who want a low risk investment for a long term with high returns as the need for energy is growing by the day & solar energy is the answer to this demand.
Why is sustainable energy important for saving the planet?
Globally,80% of electricity comes from non-renewable energy sources. There are several risks associated with solely depending on non-renewable sources for energy. One is the amount of pollution caused by burning them, and the other is the limited availability of non-renewable energy sources. Statistics show that with continued usage, the non-renewable energy resources will run out by 2060.
If you are thinking about switching to an energy source that is friendly to the environment and will not run out upon usage, Sustainable energy is undoubtedly the solution. Sustainable energy will efficiently fulfill the needs of the present generation without affecting the resources for the future generation. This article addresses the benefits of switching to sustainable energy.
1) Inexhaustible Energy resource
Sustainable energy generated from sources, such as sunlight, wind, water, biomass, and even geothermal (underground) heat is replenishable by itself.
Unlike coal, oil, and natural gas mining, which necessitates extensive tools such as heavy machinery, processing plants, pipelines, and transportation, renewables transform natural resources directly into electricity. And, unlike many fossil fuels, which are becoming increasingly challenging and expensive to obtain, destroying natural habitats and accounting for financial losses, Sustainable energy is sustainably generated from natural resources efficiently.
2) Environment – Friendly
Unlike fossil fuels which cause air pollution and increased carbon emission on burning, Sustainable energy resources are environmentally friendly. They are clean energy resources that reduce the carbon footprint and require less water for their usage. Because of their vast benefits, they protect all living beings on the planet from toxic pollutants and plays a crucial role in fighting climate emergency.
3) Benefits Economy
More than 10 million people worldwide work in the renewable energy sector, with over 500,000 new jobs added in 2017. There are numerous job opportunities available in this field, including manufacturing, installation, engineering, sales, marketing, and other areas. With an emerging focus on global warming and many governments setting ambitious carbon-reduction targets, one of the surprising benefits of Sustainable energy is that it has quickly become a significant source of new job growth. Certainly, Sustainable energy will be the highest job-providing sector in the upcoming decade.
4) Low maintenance
Renewable energy technologies require less overall maintenance than traditional generators that run on conventional fuel. Solar panels and wind turbines are examples of Sustainable energy generation technology with few or no moving parts. Above all, they do not rely on flammable or combustible fuel sources to operate, thus lowering operating costs.
Furthermore, once the infrastructure to harness the renewable resource is in place, It requires little to no maintenance. It makes sustainable energy the most reliable energy resource.
5) Reduces cost
Solar and wind power are now the cheapest sources of electricity in many parts of the world, thanks to the rapid growth of sustainable energy over the last ten years.
The dramatic price drop in solar and wind costs has prompted many fossil fuel multinationals, including the six major oil companies, to shift their investments to renewable energy. Unquestionably, Switching to sustainable energy will facilitate offering the cheapest electricity worldwide.
Sustainable energy is the cleanest, Replenishable energy and has extensive benefits to the planet. Adopting it is an efficient way to conserve natural resources for the generations to come.
Growth of Wind Energy in the World
The necessity of switching to cleaner and sustainable energy resources is becoming highly crucial because of the depletion of natural energy resources. Renewable energy is the safest alternative to non-renewable energy resources. Global wind energy is one of the efficient renewable energy resources which is becoming increasingly popular in the world because of its numerous benefits. In this article, you will learn about the growth of Wind Energy in the world.
Wind energy has a mature supply chain advantage that has stimulated the domestic market, creating over 1.2 million full-time direct local jobs, and it seems to reach 3.3 million by 2025.
Wind energy has mature supply chain advantages, and in the world it has an established and easily expandable production base of over 10GW with 80-90% local content, in line with the sustainable energy mission. Wind energy is still very competitive and efficient, the turbine load factor is over 40%, and there is a reduction in the cost of wind energy. The combination of wind power and storage batteries (batteries) is one of the most reliable renewable energy sources to meet peak demand.
Wind energy is essential for world’s transition to a clean energy economy. the world has great potential for over 300 GW of onshore wind and 195 GW of offshore wind. Wind power, along with hybrid and storage systems, is key to producing enough green power to drive world’s electrical mobility revolution. It will accelerate the energy transition and eliminate the need for massive and pricey oil exports.
To date, private sector investment has predominantly driven the growth of wind sector. The government’s policy and fiscal support have enabled the industry to take the necessary business risks to advance the segment and galvanize investment in an increasing number of states. Furthermore, the wind power industry has enthusiastically supported the government’s vision of promoting a diverse manufacturing sector in through the new initiative. The decision to place manufacturing at the heart of world’s growth model necessitates a significant increase in the energy capacity required to power the development of the world.
Wind turbines do not emit pollutants into the atmosphere that cause acid rain, smog, or greenhouse gas emissions. Wind energy is one of the cleanest energy resources to contribute to the environment. The growth of the wind energy sector in India can help to tackle the emerging environmental problems in India. Furthermore, It can also contribute to the economy by generating jobs.
Global Market Size of Hydropower:
Non-renewable energy resources such as Coal, Oil, and Natural gas are widely used electricity resources. But, studies show that fossil fuels will run out in 2060 because of their limitations and extensive usage. It is essential to switch to renewable energy resources to contribute to the environment. Hydropower is one of the efficient renewable sources of electric power that offers numerous benefits for the environment. This article focuses on hydropower and its global influence.
What is Hydropower energy?
Hydropower energy is the form of renewable energy created from flowing water to generate electricity.
Global Market Size of Hydropower.
The hydropower capacity reached 1330 GW in 2020, and it appears to be 1520 GW by 2027, at a CAGR of 1.93 percent between 2022 and 2027. Hydroelectricity is a significant electricity resource in the world, accounting for more than 16% of total global electricity production. Hydropower generates more electricity worldwide than nuclear fission or petroleum-fueled power plants. Although more than 150 countries produce some hydroelectricity, only four countries produce roughly half of all hydroelectricity: China, Brazil, Canada, and the United States. Once built, hydroelectric dams are very cheap to operate and generally provide reliable electricity supplies, except during times of extreme drought. Developed countries with significant hydro resources have, for the most part, used those resources to generate electricity. Brazil and Canada are both heavily reliant on hydropower. Other large hydro producers, such as China and the United States, produce significantly less hydroelectricity in comparison to the size of their overall power sectors.
Advantages of Hydropower:
1) Affordable Energy Resource
Even though the initial investment required to build a plant is substantial and somewhat expensive, Hydropower is unquestionably the most cost-effective source in the medium to long term. Once the dams and stations are constructed, and the turbines are installed, they require only minor maintenance in comparison to the initial investment. While digitalization necessitates additional investment, the cost of innovating in this manner is offset by increased efficiency and other benefits such as waste reduction.
2) Enriches Irrigation
Hydropower stations can also be beneficial in areas where water is scarce. Reservoirs can be used as water reserves during droughts as the water that comes out of the station is perfectly clean and usable. Impoundment hydropower produces reservoirs that can be used for recreational purposes such as fishing, swimming, and boating. It allows the public to take advantage of these opportunities. Most of the hydropower installations require some public access to the reservoir.
3) Enormous Energy
Hydropower has enormous energy potential than other forms of energy. During the process of energy generation, hydropower has fewer energy losses compared to the conversion of fossil fuels such as oil, natural gas, and coal typically results in significant heat losses.
Hydropower is one of the most efficient forms of renewable energy. Studies reveal that hydropower is safe as it produces fewer greenhouse emissions into the atmosphere when compared to fossil fuels. We need to adopt environmentally friendly options for energy consumption to preserve natural energy resources and protect the planet from climate change.
Why Geothermal Energy and what are it’s advantages?
Because of increasing carbon emissions, we need to switch to more reliable energy resources that are not harmful to our planet and wellbeing. Renewable energy resources are highly beneficial in reducing the carbon footprint. Geothermal energy is highly efficient among other renewable energy resources, and it is one of the low carbon resources. In this article, you will briefly discover the details of Geothermal energy.
What is Geothermal Energy?
Geothermal Energy is a form of renewable energy generated from the surface below the earth’s crust for electricity and heat production. There are three types of geothermal power plants used for generating electricity. They are dry steam, binary cycle, and flash steam.
Why Geothermal Energy?
Geothermal energy is the cleanest energy resource, and it has several advantages, as mentioned below.
1) Renewable energy resource
Geothermal is a renewable energy resource. It is abundantly available, and it will not run out upon usage. Some studies suggest that fossil fuels will be depleted by 2060. Since Geothermal energy will continue to exist as long as the earth remains, it is an excellent energy resource to preserve natural resources.
2) Boosts Economy
Geothermal energy is one of the largest energy sectors that create job opportunities and contribute to economic growth. Nearly 96,000 people work in the geothermal sector worldwide, making it an excellent resource for revenue. Furthermore, the Geothermal energy sector also creates more indirect jobs when compared to other energy sectors.
3) Environmental-Friendly
Geothermal energy is an environmentally friendly resource compared to conventional energy resources such as fossil fuels. It produces a low carbon footprint. Switching to geothermal energy for generating electricity will cut down fuel-import costs and reduce the emission of greenhouse gases into the atmosphere.
4) Energy Efficiency
Geothermal power plants are currently estimated to provide between 0.0035 and 2 terawatts of power. Geothermal heat pump systems are cost-effective. They take advantage of the earth’s thermal properties to provide unrivaled efficiency and operate more efficiently than traditional heating and cooling systems. Geothermal systems can also increase energy security by protecting against price inflation in volatile fossil fuel (natural gas) commodities.
5) Less Maintenance
Because geothermal energy is a naturally occurring resource, no fuel is required, unlike fossil fuels, which are finite resources that must be mined or extracted from the earth. Geothermal plants, in particular when used in the home, do not require any special maintenance.
6) Reliable
compared to other renewable energy sources such as wind and solar power, geothermal provides a more consistent energy source
Energy generated by this resource is easy to calculate because it does not fluctuate as much as other energy sources such as solar and wind, which means we can accurately predict the power output of a geothermal plant. Geothermal pumps have more longevity when compared to traditional pumps making them an efficient energy resource to trust.
Applications of Geothermal Energy
Geothermal energy has various applications. Its main application is electricity generation and space heating systems. But, It has other applications, such as water desalination, timber seasoning, and industrial applications. It is suitable for both large and small-scale installations.