He was referencing a recent report’s estimate for solar power additions in 2024, and translating that to a nuclear power plant total assuming 20% capacity factor for those solar power installations. You could assume a higher capacity factor, or a lower one for nuclear, and it would be equivalent to even more than 120 new nuclear power plants.
Bernreuter Research highlights that much of the growth will come from big solar panel price drops finally tapering off. “Once market participants come to the conclusion that the crash of the solar module price has reached its bottom, demand will accelerate,” says Johannes Bernreuter, Head of Bernreuter Research and author of theThe solar research firm notes that the 2024 estimate is supported by the public solar module shipment targets from the six largest solar module producers in the world.