Electricity’s new king will be solar PV

The latest World Energy Outlook published in October from the International Energy Agency (IEA) suggests that solar photovoltaic generation will be the largest source of power by 2040. Unlike other sectors during the Covid-19 pandemic the renewable electricity market has remained buoyant throughout 2020. The IEA suggests that renewables is set for rapid growth. In the Stated Policies Scenario (STEPS), renewables will rise by two-thirds between 2020 to 2030. The scenario suggests that coals demise will be the renewable sectors gain. Eighty percent (80%) of all global electricity demand growth in the coming ten years will be met by renewable energy. By 2030, forty percent (40%) of global elect

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