The Sun Continues To Set On Solar Power
Another nail in the coffin of the Green Dream hit home today with the news that BP is pulling the plug on its solar operations.
The statement from BP is no big surprise, the German solar industry is as near as makes no difference bankrupt, the Solyndra scandal in the US is typical of the global failure of the solar power business and many governments have cut the Green taxes that allow the renewables industry to exist.
BP has been quietly shedding renewables jobs and closing facilities:
BP has taken the axe to its solar power business, saying it “can’t make any money” from selling panels at a time when it continues to spend $20bn annually on oil and gas developments.
The energy group, which once promised to move “beyond petroleum”, was an important player in solar but has over the last three years gradually closed its panel factories and made around 1,750 workers redundant.
At the same time, the company has gradually retreated from other areas such as carbon capture and storage and shut down its separate London headquarters for BP Alternative Energy.
Mike Petrucci, chief executive of BP Solar, wrote to his remaining 100 staff last week, saying “the continuing global economic challenges have significantly impacted the solar industry, making it difficult to sustain long-term returns for the company.”
A spokesman for the wider group said the plunging value worldwide of solar panels – partly as a result of low-cost competition from China – had convinced BP that it had no future in a “commoditised” business.
The mirage of Green jobs again, undercut by China the only jobs in renewables will be for fitters, there will be no real wealth creating jobs in research and development or design all the skilled lucrative work will be in China, who already dominates the wind turbine industry.
Posted on December 21, 2011, in Anthropogenic Global Warming, Climate Change, Global Warming, Green Lies, Green Taxation, Renewables and tagged BP, Solar Panels, Solar Subsidies Are Morally Wrong. Bookmark the permalink. 7 Comments.