Solar Energy Facts You Might Not Know

We bet you didn’t know
 corporations have taken a surprisingly quick liking to solar power in recent years — the companies installing solar might surprise you. The Solar Energy Industries Association, or SEIA, released the top 20 corporate users and here is the top five:

1. Walmart comes in first with 65 MW installed.

2. Costco has installed 38.9 MW.

3. Kohl’s has 36.5 MW of capacity.

4. IKEA has installed solar on 79% of its stores for a total of 21.5 MW of solar.

5. Macy’s rounds out the top five with 16.2 MW of installed solar.

Solar Energy Supply and Demand

☀  The earth receives more energy from the sun in just one hour than the world consumes in an entire year.

☀The amount of solar energy reaching the surface of the planet is so vast that in one year it is about twice as much as will ever be obtained from all of the Earth’s non-renewable resources of coal, oil, natural gas, and mined uranium combined.

☀Solar energy is the cleanest, most abundant renewable energy source available.

☀ Global installations of solar PV in 2016 are expected to reach 64.7 GW in 2016, according to new figures provided by Mercom Capital Group.

☀ Mercom Capital Group recently released its forecasts for 2016 this week, predicting installations would conclude at 57.8 GW in 2015, and then grow to 64.7 GW in 2016, with China leading the way with approximately 19.5 GW to be installed in 2016.

☀ “The largest markets in 2016 will again be China, the United States and Japan; the United States is set to overtake Japan as the second largest solar market behind China,” said Raj Prabbu, CEO and Co-Founder of Mercom Capital Group. “These three countries will account for about 65 percent of installations next (2016) year.”

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