{"id":22396,"date":"2019-12-04T10:19:44","date_gmt":"2019-12-04T04:49:44","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=22396"},"modified":"2019-12-04T10:19:44","modified_gmt":"2019-12-04T04:49:44","slug":"solar-energy-in-2050-6-4t-investments-18x-multiplier-8519-gw-4-9-gt-of-carbon","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2019\/12\/04\/solar-energy-in-2050-6-4t-investments-18x-multiplier-8519-gw-4-9-gt-of-carbon\/","title":{"rendered":"Solar Energy in 2050 – $6.4T Investments, 18x Multiplier, 8519 GW & 4.9 GT of Carbon"},"content":{"rendered":"

Solar Energy – 2050<\/h2>\n

Solar energy is all set to continue its spectacular growth<\/em><\/strong> in the future continuing the trend it has shown over the last decade. As per IRENA, solar energy will see investments of more than USD 6 trillion<\/strong> over the next three decades leading to a 18x multiple of current solar capacity from 480 GW now to more than 8000 GW by 2050<\/strong> driven by continuous price decrease whose average will fall as low as 1 cents\/unit by 2050 from around 8.4 cents now.<\/p>\n

Solar energy<\/strong> will also provide 25% of the total electricity supply by 2050 as it becomes the mainstay energy source. All regions globally will see a sharp growth with climate change<\/strong> mitigation also being supported with a total effect of 4.9 gigatonnes of carbon reduction due to the increasing usage and replacement of power sources by clean and green solar energy. Asia<\/strong> would be the leader in solar energy with almost 4837 GW of solar energy capacity expected to be installed by 2050 led by India and China. North America<\/strong> would have the second-largest installed capacity at around 15000 GW followed by Europe<\/strong>.<\/p>\n

\"Solar<\/a>

Solar Vs Fossil Fuel generation<\/p><\/div>\n

Solar prices<\/strong> would come down to extremely low levels of just 1-5 cents\/unit. This seems too high to me considering that recent auctions of solar energy in places like Peru, Dubai<\/a> and Saudi Arabia<\/em> are already seeing LCOE prices of around 2-3 cents\/kWh. Given that solar energy predictions have almost always fallen way short of the actual achievement, I would expect both the solar energy capacity as well as prices to be much better than what is being predicted by the IRENA report.<\/p>\n

Also, read our earlier article on\u00a0What will happen to the Solar Industry in 2014 and Beyond<\/a><\/em><\/p>\n

Solar will make up a gargantuan 60% of the global power capacity by 2050<\/em> <\/strong>which means that coal and gas might disappear given the negative effect they have on the environment as well as their role in increasing carbon emissions which has become a hot topic today in terms of climate change<\/strong> being one of the biggest threats to humanity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solar Energy – 2050 Solar energy is all set to continue its spectacular growth in the future continuing the trend it has shown over the last [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[45],"tags":[4790,4817,4856],"class_list":["post-22396","post","type-post","status-publish","format-standard","hentry","category-solar-renewable-energy-greeninvest","tag-solar-energy-capacity-2050","tag-solar-energy-prices-2050","tag-solar-in-2050"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/22396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=22396"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/22396\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=22396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=22396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=22396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}