Why One Shipload of Solar Beats 100 Ships of Coal
The energy landscape is evolving rapidly, and fossil fuels are struggling to keep up. According to a new report from the International Energy Agency (IEA), one large ship carrying solar photovoltaic (PV) modules can generate as much electricity as 100 ships of coal or 50 tankers of LNG. With clean energy technologies advancing faster than expected, the balance is shifting decisively in favor of renewables.
In this post, we’ll explore the IEA’s findings, the economic opportunity presented by clean technology, and why solar power—combined with energy efficiency solutions from Eon Advisory—is the smart way to cut costs and future-proof your business.
Efficiency: Solar Power Wins by a Mile
The fundamental advantage of solar PV lies in efficiency. While fossil fuels are limited by extraction, transportation, and burning processes, solar panels directly convert sunlight into energy with minimal waste. As the IEA points out, shipping requirements for solar modules have already reduced global shipping emissions by 10% over the last decade. One shipment of solar modules can meet the energy output of 100 coal shipments, proving just how outdated coal has become.
An Industry Taking Off: Clean Tech’s Explosive Growth
The IEA forecasts that by 2035, the global market for solar panels, wind turbines, batteries, and electric vehicles will rival the size of today’s oil industry, reaching $US570 billion. This growth isn’t just about energy savings; it’s about economic opportunity. With trade in clean technology expected to outstrip natural gas trade by 50%, countries and companies are vying to claim a share of this booming industry.
Not surprisingly, China dominates the manufacturing landscape. Producing solar panels 40% cheaper than the U.S. and 25% cheaper than India, China’s integrated supply chain gives it a clear edge. However, regions like Southeast Asia, Brazil, and North Africa are expected to emerge as new hubs for solar, EV, and battery production by 2035.
Fewer Ships, Fewer Emissions: A Cleaner Future for Transport
One of the lesser-discussed benefits of solar energy is its potential to reduce global shipping needs. Transporting fossil fuels accounts for a large portion of shipping emissions, but with solar PV, far fewer shipments are required. Emissions from international shipping are forecast to drop 60% by 2035 and 90% by 2050, thanks to the switch to biofuels, ammonia, and near-zero-emission methanol.
However, the transition isn’t without challenges. The Strait of Malacca, a vital shipping route, currently handles more than half of all clean energy cargo—making the supply chain vulnerable to disruptions. The IEA warns that governments must prepare for such bottlenecks as they shift to renewable technologies.
Government Policies: A Boost for Solar Adoption
With governments stepping up investments in renewables, the clean energy transition is well underway. For instance, the U.S. and European Union have implemented policies to boost domestic solar manufacturing, while Australia’s ‘Future Made in Australia Act’ aims to foster local production and increase the adoption of clean energy technologies.
Why Businesses Should Switch Now: Save Big with Eon Advisory
If you’re still relying on traditional energy sources, you’re missing out on massive savings. At Eon Advisory, we offer tailored energy solutions designed to reduce operating costs and enhance sustainability. From solar installations to battery storage and energy management systems, we help businesses cut emissions and lock in long-term energy savings.
By integrating energy-efficient technologies into your operations, you’ll not only reduce your carbon footprint but also position your business as a leader in the green economy. With the IEA predicting continued growth in the clean tech sector, the time to make the switch is now.
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Let Eon Advisory Guide Your Energy Transition
With solar PV technology outperforming fossil fuels on every front, there’s never been a better time to invest in renewable energy solutions. Eon Advisory is here to help you navigate the transition, ensuring your business benefits from both financial savings and environmental impact reduction.
Ready to cut costs and power your business with renewable energy? Contact Eon Advisory today for a free consultation! Visit www.eonadvisory.com.au or give us a call on 1300 142 717 to learn how we can tailor a solar and battery solution to fit your business needs.
Conclusion
The energy transition is no longer a question of “if” but “when.” With technologies like solar power far outpacing coal and gas in terms of efficiency and environmental impact, businesses have every reason to make the switch. The IEA’s report offers a clear message: fossil fuels are losing the race. Don’t get left behind—partner with Eon Advisory today and take the first step toward a sustainable and profitable future.
For more insights, you can read the original report on Renew Economy