Solar power is going to be huge
Solar power is on the rise and expanding rapidly around the world. In 2023, the global production of solar cells reached a staggering 70 billion units, with the majority being manufactured in China. These solar cells are then assembled into panels and used to generate electricity for various purposes, from residential homes to large industrial facilities.
Despite covering less than 10,000 square kilometers, solar panels produced over 1,600 terawatt-hours of energy in 2023, accounting for 6% of global electricity generation. This may seem like a small percentage, but when compared to the inefficiency of fossil fuels, which waste more than half of their energy as heat, solar power becomes a much more attractive option.
With its quiet operation, zero emissions, and minimal maintenance costs, solar power is revolutionizing the way we generate electricity. It may not be flashy, but its impact is undeniable.
Source: https://www.economist.com/interactive/essay/2024/06/20/solar-power-is-going-to-be-huge