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:



More Premium Articles:

What to Read Next:

The More You Know: European Union’s race towards renewables

The share of energy from renewable sources in the European Union (EU) is 16 percent. To achieve this, EU countries...

SolarGaps—the worlds first solar smart blinds for windows

According to information on the company's website, SolarGaps are smart blinds that automatically track the sun and generate electricity from...

Community Solar: Lots of Buzz, but Where’s the Action?

What is Community Solar? Recent years have seen an increase in community solar and shared renewable policies. So far, 14...

This Week’s Trending Solar News—June 22nd, 2017

BBC NEWS Donald Trump talks up solar panel plan for Mexico wall Trump has told supporters that his proposed wall...

China now leads the world in solar power production

The BBC profiles a number of graduates and entrepreneurs who have headed to China from the US to seek careers...

Would you like to receive the latest solar news stories in your inbox?
Join Thousands of Solar
industry professionals! 
Stay updated on game changing research, interviews, perspectives, emerging market reports, industry status publications, expert opinions & much more.
Join In!
No thanks, I'd rather search for solar news myself!
close-link
Join Thousands of Solar Industry Pros by Subscribing to our Newsletter
SUBSCRIBE!