Low-carbon development has become a global megatrend. The International Renewable Energy Agency forecasts that solar PV capacity will reach a total of more than 14,000GW by 2050 in a 1.5-degreeC. | October 17, 2022
Low-carbon development has become a global megatrend. The International Renewable Energy Agency forecasts that solar PV capacity will reach a total of more than 14,000GW by 2050 in a 1.5°C scenario. Solar energy’s key advantage over conventional sources of energy is its ability to reduce LCOE. According to BloombergNEF, solar LCOE has fallen 84% over the past 10 years.