Dream of solar power generation

What are the benefits of solar energy transformation?

Floating PV is a prime example, with global cumulative installed capacity exceeding one gigawatt in 2018 and clear potential for rapid growth. Rooftop solar PV systems have spread rapidly thanks to supporting policies, such as net metering and fiscal incentives. Energy transformation brings socio-economic benefits.

How much solar energy will be produced in 2022?

This projection far exceeds any previous expectations. In 2022, the International Energy Agency’s predicted that solar energy would account for a mere 25% of electricity production by 2050. A solar power plant in Qinghai Province, China. lightrain/Shutterstock

Can solar power play a synergistic role in the future?

The study is based on extensive analysis and modeling conducted by NREL and synthesizes analysis across many domains to provide a balanced and rigorous assessment of the future of solar power. “Solar can play a synergistic role across various sectors including industry, transportation, and agriculture.

Is solar economics an environmentalist fever dream?

To grasp that this is not some environmentalist fever dream, consider solar economics. As the cumulative production of a manufactured good increases, costs go down. As costs go down, demand goes up. As demand goes up, production increases—and costs go down further. This cannot go on for ever; production, demand or both always become constrained.