According to the IEA, the cost of solar is up to 50% less than previously believed and is now well below that for new coal plants and other fossil-based sources.
Ultimately, this significant shift in electricity generation caused a 23% drop in carbon dioxide emissions, a critical step forward in the fight against climate change.
April 2020 was also the first month ever when renewables beat out coal altogether in the U.S.
In 2019, nearly three-quarters of all new energy sources were renewable, the most ever since data collection began in 2001, according to a new report from the International Renewable Energy Agency (IRENA).
To be completed in several phases, the facility once fully completed will be able to produce 60 gigawatts (GW) of solar panels every year, which likely equates to well over 150 million panels.