# Photovoltaics Give Credibility To A Solar Revolution ![rw-book-cover](https://substackcdn.com/image/fetch/w_1200,h_600,c_fill,f_jpg,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb78ef51b-b310-4558-bfb5-4d17e8c081e6_1600x781.jpeg) ## Metadata - Author: [[Samo Burja]] - Full Title: Photovoltaics Give Credibility To A Solar Revolution - Category: #articles - Document Tags: [[Energy]] - Summary: The rapid adoption of solar power, fueled by better and cheaper solar panels, has the potential to disrupt global energy markets and geopolitics. Solar energy is abundant, with the total amount of solar energy reaching the Earth's surface each year being more than 5000 times global energy consumption. The price of solar power has dropped dramatically, making it a more viable option for energy production. However, China dominates the photovoltaic industry, controlling a large share of cell production, which gives it a significant advantage in terms of manufacturing and exporting photovoltaics. The growth of the photovoltaic industry has implications for carbon emissions, energy infrastructure, and the political economy of energy. - URL: https://brief.bismarckanalysis.com/p/photovoltaics-give-credibility-to ## Highlights - The price of solar power dropped dramatically from $359 per MWh to $37 per MWh between 2009 and 2020,3 and solar industry revenues soared to US$170 billion in 2020 ([View Highlight](https://read.readwise.io/read/01hmhwn46hvasa21nhkp9xg1hn)) - China dominates the photovoltaic industry, controlling 79% of cell production in 2019.8 As has become common, Western institutions call for a future that is ultimately built in China ([View Highlight](https://read.readwise.io/read/01hmhwq6rq3v6dj6vrkvgc0bv5))