economy
One clean electricity source has been the world's fastest-growing for years, with its costs falling so sharply that it is now often the cheapest way to generate new power.
Solar power is the source described. Its cost has fallen dramatically over the past decade as panel manufacturing scaled up and technology improved, and that steep decline has made solar in many places the cheapest way to add new electricity-generating capacity, even without factoring in any climate benefit, a major reason its installed capacity has grown faster than any other electricity source in recent years.
Geothermal power taps heat from the Earth's interior and remains a smaller, more geographically limited source, and tidal power harnesses ocean tides but is still a niche technology used in only a few coastal locations; neither has matched solar's cost decline or growth rate.
Major energy forecasters now expect solar to become the single largest source of electricity-generating capacity in the world, a remarkable shift for a technology once widely dismissed as too expensive to compete with fossil fuels at scale.
economy
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