While the material cost is significantly higher for all-glass fiber blades than for hybrid glass/carbon fiber blades, there is a potential for tremendous savings in manufacturing costs when labor price is considered. Utilizing carbon fiber enables for simpler designs that use less raw material. The chief manufacturing process in blade fabrication is the layering of plies. By reducing the number of layers of plies, as is enabled by thinner blade design, the cost of labor may be decreased, and in some cases, equate to the cost of labor for glass fiber blades.[51]

The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India.[2] In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.[3]
Concentrator photovoltaics (CPV) systems employ sunlight concentrated onto photovoltaic surfaces for the purpose of electrical power production. Contrary to conventional photovoltaic systems, it uses lenses and curved mirrors to focus sunlight onto small, but highly efficient, multi-junction solar cells. Solar concentrators of all varieties may be used, and these are often mounted on a solar tracker in order to keep the focal point upon the cell as the sun moves across the sky.[147] Luminescent solar concentrators (when combined with a PV-solar cell) can also be regarded as a CPV system. Concentrated photovoltaics are useful as they can improve efficiency of PV-solar panels drastically.[148]

Even if you can’t directly purchase and install a solar system because you rent your home, have inadequate solar resources, or lack financing, you may still benefit from switching to solar electricity, and there numerous business models that make solar easier, cheaper, and more accessible. Options such as community or shared solar programs, solar leases, and power-purchase agreements allow millions of households to take advantage of solar energy. Learn about the various ways you can go solar.
As the cost of solar electricity has fallen, the number of grid-connected solar PV systems has grown into the millions and utility-scale solar power stations with hundreds of megawatts are being built. Solar PV is rapidly becoming an inexpensive, low-carbon technology to harness renewable energy from the Sun. The current largest photovoltaic power station in the world is the 850 MW Longyangxia Dam Solar Park, in Qinghai, China.