Therefore, fewer solar farms will be built and not many consumers will be interested in installing solar panels on their roofs. This observation means that computing power is growing exponentially and can be applied to the solar industry too. The lower it gets, the more solar panels are sold, producing more solar energy. In 2010, China was already dominating the solar industry since few Western companies were competing with them at the time. Nowadays, Chinese solar companies alone control 80% of the sector’s global supplies and produce the most solar energy worldwide.

Source: Los Angeles Times November 18, 2023 23:13 UTC