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Bloodbath in the German solar “industry” — without subsidies 80,000 solar jobs are gone

Posted By Jo Nova On April 29, 2018 @ 3:11 am In Global Warming,Renewable | Comments Disabled

Climate Worriers have the most terrible luck. All the runes were lined up for Solar power — it is nearly free, pours from heaven, and millions of people seem to need energy “pretty often”.  Plus universities and governments have gifted twenty years of free advertising about its Glorious Wonderfulness.  Solar power is also used by the Celebrity Saints of Gaia thus filling fashionable, spiritual, and tribal needs. On a good day, it fills some megawatt needs too.

Despite all this, without forced payments from unwilling and unwitting non-users of solar power, investors are fleeing and the solar industry in Germany is collapsing. How can that be?!

Lawrence Solomon: Are solar and wind finally cheaper than fossil fuels? Not a chance

Financial Post

After the German government decided to reduce subsidies to the solar industry in 2012, the industry nose-dived. By this year, virtually every major German solar producer had gone under as new capacity declined by 90 per cent and new investment by 92 per cent. Some 80,000 workers — 70 per cent of the solar workforce — lost their jobs. Solar power’s market share is shrinking and solar panels, having outlived their usefulness, are being retired without being replaced.

Wind power faces a similar fate. Germany has some 29,000 wind turbines, almost all of which have been benefitting from a 20-year subsidy program that began in 2000. Starting in 2020, when subsidies run out for some 5,700 wind turbines, thousands of them each year will lose government support, making the continued operation of most of them uneconomic based on current market prices. To make matters worse, with many of the turbines failing and becoming uneconomic to maintain, they represent an environmental liability and pose the possibility of abandonment. No funds have been set aside to dispose of the blades, which are unrecyclable, or to remove the turbines’ 3,000-tonne reinforced concrete bases, which reach depths of 20 metres, making them a hazard to the aquifers they pierce.

On the plus side, 80,000 Germans can now do something productive.

Funny thing, something similar happened in Australia in July 2014:

Suddnely 97 percent of Australian renewables investment dried up without subsidies:

We’re told “clean” energy is a viable and cost effective. But cut the government subsidies, and 97 percent of investors vanish (in Australia it’s collapsed from $2.6b annually to $80m).

In Australia this brief lapse into something resembling a free market was due to policy “uncertainty” at the time. The dead hand of Government Certainty has since returned to pick the loser winners.

h/t GWPF – See their collection on Engergiewende

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