Solar will represent 56% of energy generation in 2050, says study

A solar energy will continue to advance and will dominate its global market, second o study published by Nature Communications., that says that source will represent 56% da generation de energy em 2050.

In the research, data from 70 global regions were analyzed in an energy simulation model. As a result, 72% of the simulations verified that solar could represent the most energy generation in 2050.  

According to the study, the Solar energy plays an important role in many countries' plans to meet the emission reduction targets established by Paris Agreement, as wind energy projects face rising costs.

This is because the same does not happen with solar sources, which are becoming increasingly cheaper. The cost of electricity per MW ranges from $42 to $48, compared to coal, which is $74, according to BloombergNEF.

According to BloombergNEF senior solar analyst Jenny Chase, solar energy costs will continue to decline. “Every time we double the cumulative amount of solar power modules the human race has produced, we reduce the cost by about 29%.”

According to University of Exeter professor Femke Nijsse, “To drive the growth of solar energy, governments must invest in other renewable energy sources, including wind and hydropower, and help affected communities with training and development programs.”

Additionally, the industry will also need to overcome obstacles such as supply chain constraints for critical metals and minerals and a lack of financing in developing countries.

“You need to expand the grid to add more solar and wind, and that’s an investment,” Chase says. “It’s not clear in many countries who will pay for it or where it should be built.”

“We are trying to transition the entire energy system in the world. “The fact that it is at least now cheap to replace much of the power system with solar power is very good news,” he concluded.