Rooftop solar energy market set to reach new milestone by 2022

Solar Panels on Rooftop - Solar Energy

Report predicts that rooftop solar market will reach $4.14 billion by 2022 The solar energy industry has been growing quickly in recent years, especially within the residential sector. Many homeowners are beginning to invest in solar panels as a way to generate their own electricity. A new report from Crystal Market Research shows that the rooftop solar market will reach new heights in the near future. According to the report, the rooftop solar market will be valued at approximately $4.14 billion by 2022. Solar panels are becoming more accessible to…

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Solar energy outpaces other forms of power in terms of growth

solar energy growth

Report shows that the solar sector has made monumental progress Solar energy is the fastest growing segment of clean power, according to a report from the International Energy Agency. The report shows that the solar sector has seen monumental growth over the past year, largely due to the efforts of companies specializing in the development of photovoltaic technologies. Many of these companies are based in China, which is home to a thriving solar energy sector. Chinese companies have helped reduce the cost of photovoltaic technologies by aggressively producing solar panels.…

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Solar energy has become the fastest growing form of power

Solar energy growing fast - solar panels

Report shows that solar energy has grown aggressively Solar energy has become the fastest growing source of clean power, according to a new report from the International Energy Agency. Last year, the solar sector saw aggressive growth throughout the world. According to the report, solar energy accounted for two thirds of all new energy capacity installed globally. The solar sector has found success by attracting strong government support, but much of its success is due to a boom in photovoltaic installations and the falling cost of solar technologies. Solar installations…

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Solar industry is thriving as costs fall

Solar Industry - Solar Panels in Field

Report shows that the cost of solar energy continues to decline The National Renewable Energy Laboratory has released a new report concerning the cost of solar energy. The report covers how much the cost of solar power has fallen over the past year, particularly in the first quarter of 2017. Notably, the report comes a mere ten days before the solar industry discovered whether or not it will have to navigate new trade regulations formed by the Trump Administration. These trade regulations could have a significant impact on new solar…

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Researchers develop new system to use solar power to produce clean fuels

Solar Power Clean Fuel - Sun Reflecting on water

New system leverages the power of the sun to produce sustainable fuels Researchers at the Lawrence Berkeley National Laboratory have developed a new system that can generate fuel using solar power. The new system represents reaching another milestone in efforts to use renewable energy to produce sustainable fuels. Researchers based their efforts on several previews endeavors, many of which involved mimicking photosynthesis in order to turn sunlight into electrical power. This electricity is then used to trigger chemical reactions. System can convert fuel precursors into ethanol and ethylene In the…

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Solar energy in Montana reaches new milestone

Sunshine on Montana Country Road

Montana quadruples its solar energy capacity Montana has made significant progress in its efforts to embrace solar energy. Over the past year, the state has quadrupled its solar capacity, installing 6.6 megawatts of solar power. The state’s energy plan, called Montana Energy Future, has provided strong support for solar power. This support has made it easier for new solar projects to take form. The plan now aims to double the state’s solar capacity by 2025. Solar sector is making significant progress throughout the state Solar energy has become a primary…

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Solar energy is gaining ground in Dubai

Solar Energy - Sunny Day in Dubai

New contract calls for the development of a new solar energy project Dubai’s Electricity and Water Authority has awarded a $3.9 billion contract so ACWA Power. The contract involves the development of a large-scale solar energy system. The system will make use of several mirrors, which will concentrate sunlight in order to generate electricity. Concentrated solar energy has been gaining popularity in recent years. These particular solar power systems have vast energy production potential, which makes them significantly more attractive than conventional solar farms. Solar farm will produce 5,000 MW…

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Solar energy industry reaches its cost goal in the US

Solar Energy Costs Goal

DOE report shows that the solar energy has achieved its SunShot Initiative goal The U.S. Department of Energy has released a new report that shows that the solar energy industry has achieved its 2020 utility-scale cost goal. The goal was set by the SunShot Initiative, a federal endeavor that calls for the adoption of solar power. The solar energy industry was able to achieve this goal well ahead of schedule due to the rapidly declining cost of photovoltaic technology. Currently, the average cost of utility-scale solar power is 6 cents…

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The State of Solar Energy in Africa

Solar energy has found a very promising home in Africa. The continent has massive solar potential, receiving as much as 4,300 hours of sunlight every year. Many African countries also receive the world’s highest levels of solar radiation, making them ideal locations for solar farms. Solar products are beginning to flood into Africa, providing countries with the ability to tap into a resource that is in vast abundance but very rarely used to generate electricity. Currently, the distribution of solar energy systems throughout Africa is uniform. Countries that experience more…

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Solar energy is suffering in India due to air pollution

Solar Energy - Air Pollution Problems

Research shows that air pollution is having an impact on solar power Rampant air pollution is beginning to have an impact on India’s ability to generate electricity from its solar energy systems. Researchers from the Indian Institute of Technology have found that a significant portion of solar power is going to waste due to air pollution. The problem is so bad that billions in investments are being undermined. The researchers found that air pollution is reducing solar energy generate by more than 25%. Some 3,900 MW of energy is being…

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Tesla begins production of its new solar cells

Solar Cells - Collection of solar tiles

Tesla facility in New York has begun manufacturing new solar products Tesla Motors has begun production of its new solar cells in Buffalo, New York. These new solar cells will be used in the company’s roof tiles. These roof tiles are designed to generate electricity from the sun, providing power to homeowners. While Tesla has, traditionally, been involved in clean transportation, the company has embraced a strong interest in solar energy. Recently, Tesla acquired its sister company, SolarCity, in order to establish a foothold in the solar market. Establishing a…

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China beats its solar energy goal three years ahead of schedule

Solar Energy in China - Chinese Flag

China now has more than 105 GW of installed solar capacity China has reached a major milestone with its efforts to adopt solar energy. For the past several years, the country has set several clean energy goals. Each year, China has surpassed these goals in its endeavor to embrace clean power. Now, China has overcome another one of its renewable energy goals. The country has beat its solar energy target three years ahead of schedule and now has more than 105 gigawatts of installed solar energy capacity. Solar power is…

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Florida utility commits to solar energy

Solar Energy Projects - Solar Farm at Sunset

Duke Energy plans to develop at least nine new solar projects Duke Energy has announced plans to develop at least nine new solar energy systems in Florida. The utility will also be doing away with a controversial nuclear energy charge on customer bills. Duke Energy notes that the new solar initiatives are worth approximately $6 billion. These new projects are part of the utilities overarching efforts to embrace renewable power. The utility has faced criticism in the past for lagging behind others in this regard. Solar technology has improved significantly…

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Global solar energy capacity to surpass nuclear capacity by end of year

Solar Energy - Planet Eart and Sun

Report highlights the rapid growth of the solar energy sector The world’s solar energy capacity may soon surpass global nuclear energy capacity, according to a new report from GTM Research. Solar power has been attracting strong support throughout the world in recent years. Several countries have embraced this form of clean energy in order to become environmentally friendly. They have also done so to take advantage of various economic prospects that are offered by new solar energy projects. This is all happening as many countries begin to move away from…

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China surpasses its ambitious solar energy goal ahead of schedule

Solar Energy Panels - Solar Energy Goals

Solar power continues to explosive growth in China China has been breaking every expectation concerning solar installations this year. The country has long been a supporter of solar energy, and the number of installed solar power systems has grown significantly over the past few years. Now, China has broken yet another one of its goals. The country has installed some 10.52 gigawatts of solar energy capacity since July alone. The Chinese government has plans to build upon this momentum, showing even more support for solar power. Country now has 112.34…

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Solar energy still faces an uncertain future in Nevada

Solar Energy Costs - Nevada Desert

Nevada’s net metering plans may be in trouble The future of solar energy in Nevada was beginning to look promising, but that may have changed in a very short amount of time. NV Energy, one of the state’s largest utilities, suggests that the state’s revised net metering policies may no longer be viable. Changes in state policy would have allowed solar customers to take advantage of old net metering rules, allowing them to sell surplus electricity back to the state’s energy grid. NV Energy decries contentious provisions of net metering…

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