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Solar Power Is Going to Be Huge Economist
When The Economist declared "solar power is going to be huge," they weren't just stating the obvious - they were highlighting a tectonic shift in global energy economics. Solar photovoltaic (PV) systems now generate electricity cheaper than coal in most countries, with levelized costs falling 89% since 2010. But what's really driving this surge?
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The Economist Solar Power
When The Economist solar power analysis dropped last quarter, it revealed something startling: solar now accounts for 38% of new electricity generation worldwide. But here's the kicker – 73% of that growth happened in places you wouldn't call "traditional green strongholds." Vietnam installed more panels last year than France. Saudi Arabia's Neom project plans to build solar farms stretching 100 km. Even oil giants like Exxon are quietly acquiring solar startups.
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