- Solar power generation has outpaced wind power since May, marking the longest stretch in history where solar has led as the top utility-scale renewable energy source.
- In May and June, solar electricity generation exceeded wind by 1.65 TWh and 9.57 TWh, respectively.
- This trend is expected to continue through July and August.
- Wind power is likely to reclaim its lead in September due to seasonal changes, with global wind generation expected to be 30% greater than solar in 2024.
- Solar energy is now challenging fossil fuels, with China’s seven largest solar companies producing more energy than the seven biggest oil giants, marking a shift in the global energy landscape.
- Bloomberg estimates that Tongwei–the world’s largest solar panel manufacturer– will soon provide over 9 exajoules.
Source: Oilprice