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Look at “Swanson’s Law” for insight into solar economics. We’re at the order of magnitude where widespread deployment is inevitable. It took a lot of learning
by zaroth 7y ago
Look at “Swanson’s Law” for insight into solar economics.
We’re at the order of magnitude where widespread deployment is inevitable. It took a lot of learning curve to get there, there’s barely another order of magnitude left to be had.
There are also the supporting infrastructure that needed to get there, such as battery/storage tech and smarter grids to handle the variable load.
Governments around the world have put hundreds of billions of dollars into solar R&D. Last year we had 500GW of solar and 600GW of wind, and added 100GW of solar. We should add more than 100GW of new generation to that this year. It’s pretty good progress!
I think global generation is about 15TW, and of course solar doesn’t generate 24/7, so there’s plenty of room to grow.