IEA: Solar power to provide almost a quarter of the world's electricity supplies by 2050

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A dazzling future for solar power?

Source: CNN

Solar power is expected to provide almost a quarter of the world's electricity supplies by 2050, according to a new report published by the International Energy Agency (IEA).

Eleven percent of total supplies are predicted to come from solar panels on homes and offices while a further 11 percent will be provided by central solar power stations feeding clean electricity to populous areas.

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The IEA expects North America to be the largest producer of CSP electricity, followed by India and North Africa -- which will likely export half of its output to Europe.

With the right policies in place, the IEA says that solar panels on residential and commercial buildings could compete with traditional electricity supplies by 2020 in many regions. By 2030 the IEA anticipate solar panels will provide five percent of global electricity.

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Read more: http://www.cnn.com/2010/TECH/05/12/solar.energy.iea.report/index.html?section=cnn_latest