Featured in Distributed bliss – 06-2022

With collaboration comes meteoric growth

The solar industry is heating up, with rapid technological advances and supply chain optimization lowering costs by 50% in the past five years. McKinsey & Company predict that the levelized cost of energy will fall another 65% by 2040. Based on this progress and increasing political will for decarbonization, McKinsey and Company’s Bram Smeets and Jesse Noffsinger point to a period of rapid expansion ahead.

By

pv magazine

24 Jun 2022

With 64 countries, representing 89% of global emissions, already committing to net zero, and solar now the world’s cheapest source of electricity, the PV industry is perfectly poised for meteoric growth. We are amid a major tipping point at which the cost of electricity from solar new builds is lower than the (marginal) running cost …

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