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Feb 04
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SHORT
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Chamath Palihapitiya
Host, All-In Podcast / CEO, Social Capital
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Solar is now the cheapest major source of new electricity ($30–$40 per MWh LCOE) compared to coal and gas ($50–$150+ per MWh). The world installed more new solar generation than coal, gas, nuclear, wind, and hydro put together last year. The significant cost advantage and rapid deployment of solar will increasingly displace traditional fossil fuel generation, leading to reduced utilization, declining profitability, and potential stranded assets for companies heavily reliant on coal and gas power plants. Short positions or AVOID on companies primarily engaged in the operation and development of coal and gas-fired power plants, as their competitive position erodes and market share declines. Slower-than-expected solar deployment, grid stability issues requiring fossil fuel backup, policy reversals favoring fossil fuels, unexpected increases in solar costs, geopolitical events impacting energy supply. |
Chamath Palihapitiya
Why Is Solar Attracting $500B Every Year
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