The Green Blueprint
The terawatt era of PV: ‘Solar will be the gas of today’
Jan 9, 2024
In this podcast, they discuss the rapid growth of solar energy worldwide and its potential to surpass coal and fossil gas capacity. They analyze the factors affecting solar energy growth, including grid capacity constraints and the impact of COVID-19. Additionally, they delve into the booming market for clean energy tax credits and China's dominance in solar manufacturing. The podcast also explores the current state of module supply and pricing trends in the solar industry, highlighting the oversupply of modules and potential declines in pricing. Finally, they touch on the potential for solar companies to become VPP companies and uncertainties in the solar supply chain.
30:46
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Quick takeaways
- Solar capacity is projected to double or triple in the next decade, making it one of the fastest growing and most important energy technologies.
- China currently dominates solar manufacturing, accounting for over 80% of the manufacturing capacity, with growth rates slowing in major markets due to grid capacity constraints.
Deep dives
Solar is Expected to Double or Even Triple in the Next Decade
Renewable energy technologies like solar are on track to get us to net zero emissions. Solar capacity is projected to double or triple in the next decade, and it is set to become one of the fastest growing and most important energy technologies. By 2050, it is estimated that 40% of generating capacity in the US will be solar. While there are constraints like grid capacity and market design that could cap yearly growth, solar remains a highly competitive and in-demand energy source.
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