This continued growth in solar power comes at a time when many countries are cutting or even completely removing their subsidies for solar technology. Spain has cut all funding for new green technology, while other large nations like Germany, Italy and the UK have also reduced (or are planning to reduce) their subsidies for renewable energy production. It’s in large part due to the rapid drop in the costs of photovoltaic technologies — which means increased efficiencies and decreased manufacturing costs of silicon panels — that capacity has nevertheless continued to increase.
This could change in the future, however, with increased competition between PV manufacturers.
The findings are from a report released by the Joint Research Centre of the European Commission.
Read the full story here.

(Photo: U.S. Dept. of Energy)
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