Solar electricity generation is one of the few low-carbon energy technologies with a potential to grow on a large scale. Consequently, massive expansion of global solar generating capacity will be essential to mitigate the risk of climate change. Recent years have brought a rapid growth in the installed solar energy generation capacity, as well as great improvements in technology, price, performance and development of creative business models that have encouraged numerous enterprises to invest in residential solar systems. Nonetheless, further advances are needed to enable a significant increase of the solar contribution to socially acceptable costs. It will ultimately require solar technologies to become cost-competitive with fossil generation
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