Key facts
- Solar panel prices have decreased while efficiency has increased over the last 20 years.
- Investment in solar power technology research and development has been high.
- Developers are launching mega-projects for solar power.
- Governments are diversifying energy mixes and seeking to cut emissions.
The declining cost and increasing efficiency of solar panels, coupled with global efforts to diversify energy sources and reduce emissions, are driving a surge in the development of large-scale solar farms. This trend signifies a major shift towards renewable energy infrastructure worldwide.