What the post-pandemic world needs is a solar energy revolution
One technology above all has exceeded all expectations over recent years: solar energy. Near-exponential growth has lowered manufacturing costs and efficiency of the solar cells to the point that building a solar energy generation plant is now significantly cheaper than its fossil fuel equivalent, or even maintaining an existing unit — and most importantly, leave a negligible carbon footprint. Today, virtually everything that most people think they know about solar energy, about the days when only subsidies made solar installations profitable and some generated power with diesel engines at night, is completely obsolete and outdated. The solar energy landscape has changed so much in terms of costs and performance that it requires completely new analyses.
Those who are unable to understand this change and who wish to continue to rely on the old way of generating energy using fossil fuels will surely be missing out on the most transformative technology we have seen in a long time. Investments in solar energy plants are multiplying all over the world and are now much cheaper than they were a few years ago, which is leading even some Arab countries or others, like India, to see them as a long-term solution. Today, solar energy is not simply cheap: it is dramatically and differentially cheap. In reasonably sunny places, it is by far the…
