Mastering the Commodities Markets

SOLAR POWER

Solar power is the term used for converting power from the sun into other forms of energy, such as heat and electricity. The sun and other stars are responsible for all our energy, including nuclear energy. When an exploding star goes nova it creates the uranium atoms needed in nuclear fusion to power nuclear power stations.

You would expect that countries without much in the way of sun but with a surplus of dense cloud cover – such as the UK, parts of Northern Europe and Scandinavia – would find solar energy a challenge. In parts of the UK, domestic homeowners were encouraged to install solar panels and sell any excess electricity they generated to the local provider – with an incentive of 43 pence per kilowatt hour, which was reduced ...