Canadian investment in solar is hurting—badly

The solar energy industry experienced a serious boom in both the U.S. and China last year, but for the second year in a row Canadian investments plummeted.

Let's start with good news.

The global solar industry is doing fine. Trends indicate that solar energy is now cheaper than coal in most parts of the world.

The U.S. had one of the best years for solar in 2016 as the country added 9.1 gigawatts of solar generating capacity, according to U.S Energy Department estimates.

The U.S. also saw electric sector job growth powered by the solar industry with 374,000 jobs.

Well, this doesn't even compare with China, which practically took the lead as the world's biggest producer of solar energy by doubling its solar photovoltaic capacity. The country now has 77.42 gigawatts of installed capacity. No joke!

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