Canada needs to boost its solar potential

Creating market signals to installers, and investors would help enhance Canada’s solar industry—making it competitive. How a federal tax incentive on solar power can help.

Last year confirmed what many within the renewable energy sector have known: Renewable energy, specifically solar, is growing at an exponential rate.

Let's look at the facts.

A report from the International Energy Association (IEA) said solar PV capacity advanced by 50 percent, thanks to exceptional growth in China and the US Renewables accounted for two-thirds of new global power capacity.

Fatih Birol, an IEA Economist, told Mashable that by the year 2022, renewables will have grown by 1,000 GW, equaling 50 percent of global coal capacity now, which took 80 years to reach.

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