Solar Power Evolution

The development of solar technology has seen dramatic cost reductions, dropping from $1,785 per watt in 1955 to just $0.20 per watt in 2020. While efficiency has improved, with a record of 47.1% achieved in 2021, solar power still faces challenges, such as its inability to generate electricity at night and its dependence on geographical and seasonal factors. Today, China leads the world in installed solar capacity, highlighting the global shift towards renewable energy sources.