Yes, but including the backlog of Joules received, and not yet monetised. We can only make estimates to know how much that is. But after issue, a control point will become apparent, an optimum rate of issue where inflation is minimised.
Right now this might seem crazy, to issue free money. But I would not even be talking about it if I didn't know it is inevitable. The solid, physical reason for inflation is that no money is being issued to represent solar energy, therefore money is devaluing, because it is becoming increasingly less representative of actual physical product being put into use. As long as the imbalance exists between valuable donated product, and money, then money has to fail in markets, because it is the product which is the thing of value, not the money.
Free money will be issued, sooner or later, because potentially tens of millions of people will demand it. Inflation will drive that, until the money is issued. But it will be stopped again, because that was once the right thing to do. But now it is the opposite, since the old closed box economy is no more, now we are pouring in solar power at the rate of tens of GigaJoules per second in every country.
We should not be surprised by this, why do we think that sunlight, the original source of all energy in the solar system, that created everything we know, is not valuable? I won't bother answering that, 'nuff said I think. Hopefully you see how it works.
Money is moving to become for humanity like nutrients in trees. So we might see this is something driven by nature, as sure as any other adaptation of an organism to its environment. Nature will make it happen one way or another, but we usually do much better than animals with no logic. I have faith we will do the cleverer thing here, to speed things up, minimsing pain.