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!

To continue reading this article, please click here to subscribe as a PRO for the complete pvbuzz media experience and to help support our efforts. Become a pvbuzz pro today for CAD $24.99/YEAR and access premium content anytime, anywhere, and on any device. For a limited time only, get 20% off for one year by using the Promo/Coupon Code GET20SUBSCRIBE at checkout.

If you already have a pvbuzz pro account, you can log-in to your account below:

What to Read Next:

Saskatoon Light and Power proposes $3.5 million solar power plant

In a fit to build up its solar power capacity, Saskatoon Light & Power is looking to add clean energy...

Mandatory state policies work best to curb power plant emissions, study finds

Nature Climate Change published the analysis, which shows that policies with mandatory compliance are associated with the largest reductions in...

FortWhyte Alive launches Winnipeg’s largest solar facility

FortWhyte Alive is now home to Winnipeg’s largest solar power plant. The 60kW solar farm, installed on a 640-acre nature...

Sono Motors unveils its solar-powered car

After a successful crowdfunding, SONO MOTORS has finally revealed what could be the very first solar-powered electric car to hit...

India’s solar ambitions face the risk of a bubble

The recent auction to build the 500-megawatt Bhadla solar park in Rajasthan was one of the lowest prices for solar...