Shift Key with Robinson Meyer and Jesse Jenkins cover image

What 2024 Will Mean for Clean Energy — in Megatons

Shift Key with Robinson Meyer and Jesse Jenkins

NOTE

Solar Power's Ascent: Cost Declines Through Scaling

Solar photovoltaic (PV) technology is expected to become the most cost-effective electricity generation method globally by 2030, influenced by experience curves and economies of scale. The rapid deployment of solar technology leads to reduced costs as total installed capacity doubles, with global manufacturing capacity nearing two terawatts. Strong growth in solar installation, with several hundred gigawatts deployed last year, indicates that solar PV will soon produce the cheapest kilowatt hour in various regions, including northern climates.

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