Despite a shaky European economy and the recent prominent failure of a U.S.-based panel manufacturer, the solar market at large has continued its upward trajectory of rapid growth in the last two years. Lower costs, new applications, and plenty of investor interest have helped these 10 countries become the world’s leaders in installed solar.
The EU has big plans for its renewable energy future, and much attention has thus far been directed towards wind generated power, with nations such as the UK and Germany leading the way in making the most of Europe’s wind potential. For this reason, the European Commission’s latest plan to reduce carbon emissions by pumping a huge slice of the 50 billion euros available for research and development into solar power, may raise a few eyebrows.
Power generated from solar panels and carbon capture-and-store technology are the two major components of the EU’s plans, as the commission tries to demonstrate how it is taking the necessary steps to meet ambitious carbon cutting targets. The plan, due to be released tomorrow, is a direct attempt to raise the EU’s profile before the UN summit meeting in Copenhagen in December on reaching a new global agreement to curb climate change.