Solar energy's rapid cost decline and deployment acceleration are reshaping electricity generation
By
Ray Wills
Summary
The article argues that solar energy is undergoing the fastest transformation in electricity generation history, driven by a consistent half-century learning curve where module prices have dropped ten-thousand-fold as deployment has grown. It emphasizes that solar and wind are accelerating, not slowing down, and that batteries are moving even faster. The piece counters the notion that the system is about to decelerate, presenting evidence of continued price drops and deployment growth.
Source
bskySolar energy's rapid cost decline and deployment acceleration are reshaping electricity generationreneweconomy.com.auKey quotes
· 3 pulledSolar is not just getting cheaper; it is sprinting down a learning curve that has held for half a century, with module prices falling about ten-thousand-fold as cumulative capacity has exploded.
a technology whose cost keeps dropping predictably as deployment grows, and where every new gigawatt makes the next gigawatt cheaper again
Solar is moving fast. Really fast. Batteries are moving faster. And there is no evidence in either prices or deployment that the system is about to tap the brakes.
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