The solar power economy continues to grow even though the industry faced a serious crisis between 2011 and 2013, due to a global financial downturn, government subsidy cuts, and Chinese PV manufacturers’ flood of imports. According to McKinsey Quarterly, solar is now a far more cost-competitive power source than it was in the mid-2000s. A study by the Earth Policy Institute in Washington, DC found that global installations have, in fact, gone up to over 50% since 2006. With the rapid evolution of solar technology and the growing widespread impact of renewable energy on businesses and consumers, this industry truly has a disruptive potential. It is now poised to assume a bigger role in global energy markets and according to Zachary Shahan, director of CleanTechnica, utilities will probably be the first major sector to feel solar power’s disruptive potential. Read More →