For the past few months, we’ve been telling you all about the U.S. energy transition that’s arriving faster than you think.
But the move toward solar is global: the study’s authors expect solar to be the cheapest source of electricity in almost all countries by 2027.
“The transition to clean energy is happening worldwide and it’s unstoppable,” Fatih Birol, executive director of the International Energy Agency, told Brad.
Between 2010 and 2020, the study found, the cost of solar cells fell by 15 percent each year.
“The pace of decline in price initially surprised many people,” my colleague Ivan Penn, who covers the energy sector, told me.
Persons:
we’ve, Fatih Birol, Brad, Ivan Penn
Organizations:
International Energy Agency