By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, June 23, 2015

According to the 2015 Sustainable Energy in America Factbook, which was released in February, the outlook for the solar sector is somewhat bright. However, the report, which was produced by Bloomberg New Energy Finance, also noted that there are some concern areas within the sector. The interest in renewable energy continues to rise globally. Indeed, leaders of the G7 countries recently pledged significant investment in renewables and cut carbon emissions. According to the Factbook, between 2007 and 2014, total investment in clean energy totaled $386 billion. Most of the investment has gone into solar and wind. In fact, solar and wind capacity has actually tripled between 2008 and 2014, according to the Factbook.

The report further notes that solar’s buildout was 50% higher in 2014 than it was in 2013. Further, the report noted that project pipelines indicate even bigger numbers for 2015 and 2016.

According to the Factbook, rooftop solar is the fastest growing form of distributed energy. However, there are also some concern areas as the Factbook highlighted. The report noted that solar’s ascendancy has been held back by the funding support to obsolete coal plants and natural gas. Overall though, it cannot be denied that the outlook for the solar sector is certainly better now than it was three-four years ago.

Not surprisingly, investors have been taking an interest once again in solar stocks. This morning, a Canadian solar company provided some update on its technology. Aurora Solar Technologies Inc. (TSX-Venture:ACU), a North Vancouver-based company providing in-line measurement and control technology for the photovoltaic manufacturing industry, also announced the allowance of new patent protection in three key markets. The company said that protection for its pending patent “Process for Improving the Production of Photovoltaic Products” has been allowed in Europe, China and Japan. The patent refers to a method to use in-line measurement and control to optimize the quality of manufacturing solar cells. The company has already been granted a patent in the U.S. for its Decima inline measurement technology.

Gordon Deans, Chief Technology Officer at Aurora Solar Technologies, said that the company’s Decima measurement systems have processed millions of solar cell wafers in industrial production lines worldwide. Deans said that in the past nine months, using this experience and in response to practical industrial needs and demand, ACU has significantly advanced its technology and intellectual property position. Deans added that ACU’s products are robust, accurate and easy to use in day-to-day industrial applications.

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