Author Topic: THE SOLAR ENERGY FIASCO  (Read 3108 times)

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Offline Jackson Holly

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THE SOLAR ENERGY FIASCO
« on: March 20, 2016, 09:36:55 pm »
... Like its ugly twin the wind industry, solar is
entirely dependent for its survival on government subsidy.


The Solar Industry Is Dying. Good Riddance.
by JAMES DELINGPOLE  20 Mar 2016

If you still own shares in solar energy itís probably a sign that youíve been in the sun too long: the sector is tanking Ė and deservedly so Ė as reality dawns that this is a Potemkin industry, an Enron of a con-trick, whose survival depends not on the energy it generates but on the subsidies it squeezes from the taxpayer.

Consider Exhibit A:  the Ivanpah Solar Electric Generating System in the California desert. This $2.2 billion project, heavily backed with federal grants by the Obama administration, is absolutely brilliant at killing birds. According to some estimates it accounts for 28,000 a year (the workers at the plant nickname them ďstreamersĒ because they fall from the sky like burning comets), though the company denies this. What itís not so good at is the job it was designed for: generating electricity.

It has failed to produce sufficient quantities of its exorbitantly expensive power (it charges between $135 and $200 per megawatt hour; the market rate for conventional electricity is $35 per megawatt hour) as required by its contract with PG&E Corp and may have to shut down unless bailed out by the California state authorities.

Exhibit B is the solar energy firm Abengoa, now on the verge of the biggest corporate collapse in Spanish history, after the Spanish government decided to turn off the subsidy tap essential to its survival.

√ READ: http://www.breitbart.com/london/2016/03/20/the-solar-industry-is-dying-good-riddance/
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Offline Jackson Holly

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Re: THE SOLAR ENERGY FIASCO
« Reply #1 on: March 20, 2016, 09:45:39 pm »

... long-term subsidies appear to be as necessary
to the solar industry as ever.


Maine Solar Fight Reveals Subsidy Addiction

Maine is far from the Sunshine stateómore than 1,200 miles north of it, in factóbut that isnít stopping the solar industry from agitating for a subsidy regime there to help prop up the fledgling renewable energy resource that involves long-term contracts based on prices set by regulators.

Quote
The industry seems to believe that solar is a complete non-starter unless utilities are forced to pay extremely unrealistic prices for solar energy produced by households. The trouble is that when these generous subsidy programs generate that kind of interest, the cost quickly rises to become overwhelming.

This isnít a business and it isnít a sign of a great economic shift: itís an example of how poorly-designed government subsidies divert resources and slow the march of progress. The technology just isnít there yetóthe current generation of commercial solar panels donít work well enough for people to install them unless they get fat subsidies and tax write-offs.

"
Support of green entrepreneurs is a waste of time ...

http://www.the-american-interest.com/2016/03/14/maine-solar-fight-reveals-subsidy-addiction/
St. Augustine: -The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself.-