Solar energy drives the fastest electricity generation shift in history, with accelerating deployment and falling costs

Summary

Solar energy is experiencing the fastest shift in electricity generation history, with module prices dropping ten-thousand-fold over 50 years as cumulative capacity has grown. The technology follows a predictable learning curve where each new gigawatt of deployment makes the next gigawatt cheaper. When comparing major power sources by the time each took to exceed 100 TWh of energy generation, solar and wind are accelerating faster than any previous energy source. Batteries are also advancing rapidly, and there is no evidence that deployment or price declines are slowing down.

Source

bskySolar energy drives the fastest electricity generation shift in history, with accelerating deployment and falling costsreneweconomy.com.au