Silver will illuminate not only the pocket but also the country, this is how it plays an important role in the solar industry

According to the Silver Institute report, in the year 2019, 100 million ounces of silver was required for solar panels, which increased to 101 million ounces in the year 2021.

Silver has earned about 20 percent in the last one year. After the year 2020, it has been seen that some metal other than gold has filled the pockets of the common people. Hardly you would be aware that silver not only fills the pocket but also helps in lighting up the country. Yes, this is absolutely true. Silver plays an important role in the production of solar panels that generate electricity. The government has already made it clear that it has to become an exporter of solar energy in the next few years. For this, the concerned departments and companies are continuously working. Let us also tell you how silver is used in solar panels and how much silver can be used in a panel.

Solar panel would have used silver

Photovoltaic (PV) power is the current leading source of green energy. The special thing is that even after the arrival of barriers like Kovid, the PV market has made itself very flexible. At present, its production is expected to increase significantly. Silver use in photovoltaics increased 13 percent to 113.7 million ounces. There are many reasons for this why the number of solar panel makers has increased all over the world. At the same time, global solar panel manufacturers have also increased in the world. Demand from electronic and electrical increased by 9 percent in 2021 to reach 330 million ounces overall.

How is silver used in solar panels?

Now the question is, how is silver used in solar panels? Silver powder is converted into a paste which is then loaded onto a silicon wafer, reports the Silver Institute. When light strikes the silicon, the electrons are freed and silver which is the world's best conductor immediately carries the electricity for immediate use or stores the electricity in a battery for consumption. According to experts, on an average 20 grams of silver is used in a 2 square meter solar panel.

Silver demand is increasing continuously for solar panels

Along with India, the whole world is moving towards solar or other types of green energy. The role of solar panels has become very important in pollution free energy. According to the Silver Institute report, in the year 2019, 100 million ounces of silver was required for solar panels, which increased to 101 million ounces in the year 2021. Which is likely to increase even more in the coming days.