Why is solar energy surpassing coal?

CGTN Europe interviewed Eric Luo, Vice-President, Longi Green Energy Technology

Transcript

00:00Well, the move from coal to solar is long overdue for some.

00:03Juliet Mann has been talking to Eric Law, Vice President, Longhi,

00:07the world's largest manufacturer of solar modules.

00:12That's very interesting. That's very much aligned with rapid deployment and the speed, right?

00:16We typically will contribute to the decline cost and the technology innovation

00:22and also scale up of the manufacturing. That's all of the contributing factors.

00:26But the energy transition is starting after the Paris Agreement.

00:30The trend is never turning around regardless, okay?

00:34So we are seeing it's clearly the solar energy has become,

00:40initially we call it a complementary energy source.

00:43Now it's become a prevailing energy source.

00:46It's become because of the cost and because of deployment,

00:49because of affordability, because of accessibility,

00:52and also it's fit a lot of area, every corner globally, as long as you have sunlight.

00:58So it's clearly become the main trend. That's explained why it's overtaking the coal.

01:03So it's overtaking coal. Do you see that trend continuing?

01:07Because when you think about, you know, Donald Trump saying, drill, baby, drill,

01:10you might think, well, hang on, solar's got less of momentum behind it.

01:16Yeah, I think that's part of the challenge the solar transition is facing, right?

01:22This geopolitical challenge and also some extreme weather conditions

01:26is disrupt the energy system or grid system or transmission system.

01:32But keep in mind, right, the more those challenges we are facing,

01:37the more we need a resilient and stabilized, we call distributed energy system.