Solar Power – Almost Extinct
The Solar Power industry is in accelerating decline as governments cut the subsidies that permit the economically unviable renewables industry to exist.
The Renewables Industry much like the British State Industries of old, cannot function without the blank cheque of the tax payer to keep them afloat.
The Government has decided to cut the ludicrous feed in tariff rate for solar power and has been challenged in Court by Friends of the Earth and 2 solar power companies:
Government plans to slash incentive payments for householders who install solar panels were on Wednesday ruled “legally flawed” by a high court judge. The ruling opens the door for a judicial review that could force the government to delay its plans, potentially allowing thousands more people to claim the higher subsidy.
The judgment comes after a challenge by Friends of the Earth and two solar companies who argued that the government’s decision to cut the feed-in tariff from 43.3p to 21p with only a few weeks’ notice was premature and unlawful, and had led to unfinished or planned projects being abandoned.
An unelected NGO and 2 solar companies grasping for tax payer subsidy have managed to postpone the inevitable cuts in feed in tariffs for a few weeks, meanwhile the escalating costs of Green energy will continue to be added to energy bills.
Still more bad news from Germany where another solar company has gone bust:
Solar Millennium became the second German solar company to file for insolvency in December, following module maker Solon, as the company could not find partners for large projects in the United States and Spain.
Before shares in the company were suspended on Wednesday, they had lost 9.3 percent, and the news also weighed on other solar stocks, including SolarWorld and Q-Cells, which gave up earlier gains and turned negative.
Solar Millennium said it had been in advanced negotiations about the sale of its U.S. pipeline since September.
“A binding confirmation on the amount and time of the cash flows could not be obtained until now. In addition, intensive negotiations with investors on the entrance into the project Ibersol (in Spain) could not be finalized,” the company said.
Spain is another country that has recently cut the Green taxation that allowed solar to exist there, there is a distinct correlation between cuts in Green subsidies and the failure of the renewables industry, what has happend to solar will happen to wind next.
Over at the Guardian the Watermelon journalists are using words like “may” and trying to blame the government for the impending demise of British solar:
The government’s rush to cut a subsidy for people who generate solar electicity on their roofs was clumsily handled and may have fatally damaged a growing industry which had the potential to provide tens of thousands of jobs, says a new report by MPs on two influential select committees.
By giving both consumers and companies just a few weeks’ notice that they intended to halve solar “feed-in tariffs” (FiTs) from 43.3p to 21p paid per kWh of energy generated, they have created uncertainty among investors and undermined public confidence in energy policy, said the MPs.
Solar like Wind, runs on crony capitalism, Green taxation and tax payer funded subsidy the feed in tariffs benefit those that have sufficient roof space and capital to invest in the installation, they are then rewarded by every energy bill payer whose energy bill has been increased to reward those with solar panels.
Once the subsidy is cut the renewable industry dies, British solar is dead it just hasn’t hit the floor yet.
Posted on December 22, 2011, in Anthropogenic Global Warming, Church Of Climatology, Climate Change, Global Warming, Green Jobs Lie, Green Lies, Green Taxation and tagged Feed In Tariff, Friends of the Earth, Solar Power. Bookmark the permalink. 9 Comments.