It now provides 7% of the world's electricity”
A counterpoint: the recent quick growth has been fueled by panels getting cheaper. They used to be the majority of the cost. But that's not true anymore. The cost will soon be mainly installation (i.e. labor) and space. Neither are amenable to drastic further decreases.
Fortunately we've already reached the point where it's the cheapest option, so that it will continue to replace other power sources even if it does get much cheaper anymore.