The Norwegian DNV GL company, the international center for certification and qualification in the field of energy, has published an article by the title: Utility-scale solar PV: From big to biggest.
DNV predicts rapid transformation of all sectors of the world’s electricity consumption. As a result, the share of electricity in the final consumption of electricity will be 45% by 2050 (now about 20%). This whole growth will provide renewable energy with the leading role of photovoltaic solar energy. The impact of the scale of equipment production will lead to the fact that the outlay of building solar power plants will decline by 2050.
Due to a significant reduction in capital expenditure, it is projected that in 2016-2050 the global capacities of photovoltaic plants will increase 65 times, reaching 19,000 GW by 2050, which will account for nearly half of the total installed electric capacity. As a result, solar energy will provide around 40% of the world’s electricity, becoming the world’s first electricity producer. Nearly 60% of the global photovoltaic solar power will be concentrated in China and India.