This is a fair statement, major industrial metros such as Chicago emerged due to proximity to resources (iron, grain), transportation (lakes, rivers, rail), and energy (coal).
There surely will be a new equilibrium including newer power generation means, however many sunny places are far from water and other industrial inputs - moving steel mills to New Mexico is not quite a slam dunk in terms of transportation.
This may mean Europe ends up deindustrializing vs. sun-soaked places closer to the equator. I suppose King Leopold wouldn't have liked that.