How to watch solar energy: What to watch
The sun has become a major source of renewable energy, with the sun generating nearly 80 percent of the world’s electricity.
Now solar is becoming a bigger player.
According to the International Energy Agency, solar PV has become the dominant source of solar energy, accounting for nearly 40 percent of worldwide renewable energy capacity.
The solar industry is also growing at a phenomenal pace, according to the Solar Energy Industries Association.
But the industry has struggled to keep up with the demand for solar energy in the U.S. The SunPower company, which is owned by Chinese billionaire Li Ka-shing, has recently experienced a string of financial setbacks.
The company announced in September that it had to sell its solar power assets in South Africa, China, India, the Philippines, Indonesia and Malaysia, among other countries.
Solar Power’s chief executive, Mike McQuade, said that the company had been “shaken by the unexpected events of the past few months.”
In the United States, SolarCity, the largest solar installer in the country, has also experienced a series of financial troubles.
In May, the company announced that it was closing its solar PV and solar thermal operations in Michigan, Illinois, Wisconsin, Tennessee and Missouri.
In August, SolarWorld said it was shutting down its solar thermal operation in Georgia and in Tennessee.
SolarWorld was one of the largest players in the solar PV industry, with more than 60,000 customers in the United State.
The SolarWorld bankruptcy filing comes after the company also filed for Chapter 11 bankruptcy protection in the state of Texas.
According the company, SolarWinds, which also owns the company that operates SolarCity’s solar PV installations, is still working to restart its operations in Georgia, and will also begin operations in Texas.
SolarWind’s board said in a statement that it is “extremely disappointed” with the company’s bankruptcy filing.
“It is important to note that the Company’s management team remains focused on developing the SolarWind portfolio, which will be an even more robust business going forward,” the statement said.
The statement added that SolarWind has taken a “comprehensive” restructuring plan and will “continue to execute on those plans as quickly as possible.”
SolarWind declined to comment to CNBC on the situation with SolarPower.
SolarPower’s bankruptcy comes as the solar industry faces challenges from rising costs, new regulations and government interference.
The U.K. government, for instance, has imposed new limits on the amount of solar power a household can use.
The United States also has a number of renewable standards and renewable portfolio standards in place.
The EPA has been a vocal opponent of solar installations, and has issued a number, including a requirement that companies that receive federal grants to install wind turbines have to pay the same taxes and fees as wind farms.
According a report from The Associated Press, the federal government is also trying to stop companies from building solar power plants in the middle of the night.
Solar power has been growing fast in the past several years, but it has not yet reached the level of solar farms in the Middle East and South America, where the technology is cheaper, cleaner and more sustainable.