News & Updates

Solar energy markets booming in the U.S. and across the globe

Solar energy markets booming in the U.S. and across the globe

Market research firm HIS expects the global solar PV market to reach 69GW in new installations for 2016, up 17 percent from 2015. The key markets this year will be the U.S., India and China. The U.S. Energy Information Administration (EIA) recently reported that in 2016 solar will add more new electricity-generating capacity to the nation’s energy mix than will natural gas or wind. According to the EIA, planned installations for 2016 in the United States include 9.5 GW of utility-scale solar. “If actual additions ultimately reflect these plans, 2016 will be the first year in which utility-scale solar additions exceed additions from any other single energy source,” said the U.S. agency.

Alberta, Canada offers rebate incentive program for solar installations

The province of Alberta is providing more than $5.5 million to help farms and municipalities install solar panels as a part of the government’s climate-change platform. “By investing now in proven programs we will be better prepared to ramp up our efforts as the price on carbon pollution is phased in,” said Alberta’s Environment Minister Shannon Phillips. The program involves rebates that extend a program already offered by the Municipal Climate Change Action Centre. So far six Edmonton community leagues have installed solar panels and reduced their greenhouse gas emissions by 55 tonnes per year.