Solar power is the new king, and that crown is going to be very difficult to knock off

By Sara Hastings-Simon, CBC, October 21, 2020

This month, the International Energy Agency crowned solar power the "new king" of global electricity markets.

The IEA's World Energy Outlook stated that solar photovoltaic (PV) is now the cheapest source of electricity in history, having achieved an incredible 99 per cent reduction in module costs since 1980.

If solar power is king, wind is queen, with both seeing significant growth through 2030 across the range of scenarios.

This news prompts a couple of questions.

The first is, obviously, how did we get here, seemingly so quickly?


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