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Empire of the sun: a solar power revolution
Economist Podcasts
Solar Cells and Industries of Scale
Solar energy's rapid growth is fueled by a vast manufacturing ecosystem in China and the uniformity of solar cell technology. The scalability of solar production allows for significant cost reductions over time, with prices dropping by 99.9% since 1974. The continual decrease in price per watt showcases the success of the massive solar cell factories and the interconnected supply and demand dynamics.
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