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Since global production capacity seems to have exceeded 500 GW annually, the associated investment must have been at a scale of approx 150 bn and 120.000 jobs (
by oezi 2y ago
Since global production capacity seems to have exceeded 500 GW annually, the associated investment must have been at a scale of approx 150 bn and 120.000 jobs (if we scale just linearly and ignore that the Chinese probably do this more cheaply and with more people).
This is way less than I would have expected. Considering world crude production is 80m barrels per day at 50 USD per barrel, so 4bn USD per day.
- toomuchtodo 2y agohttps://mastodon.green/@solar_chase/113214911341855405 https://mastodon.green/@solar_chase/113214911341855405 has more context, the author (Jenny Chase) was an intern who created Bloomberg's solar research and analysis practice at https://bnef.com/ https://bnef.com/ Also relevant: https://ourworldindata.org/data-insights/solar-panel-prices-have-fallen-by-around-20-every-time-global-capacity-doubled https://ourworldindata.org/data-insights/solar-panel-prices-... ("Our World In Data: Solar panel prices have fallen by around 20% every time global capacity doubled")