The article discusses the significant transformation in the global energy landscape, particularly the increasing contribution of solar and wind power to electricity generation, which has grown from 5% in 2015 to about 19% today. Despite this progress, renewable energy still constitutes only 15% of total energy consumption globally, highlighting the need for more integration in heating and transportation sectors. Solar energy is identified as the fastest-growing segment, significantly dropping in cost and increasing installation capacity, with China leading in solar power expansion. Experts predict solar could cover 73% of global energy needs at an affordable price.
Solar power is the fastest growing energy sector worldwide, driven by plummeting costs and the ability to install solar modules quickly anywhere. This growth is set to continue for decades.
Operating solar modules globally now total around 2,200 gigawatts (GW), covering 9% of global energy demand compared to only 1% in 2015, indicating a significant transition towards renewable energy.
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