By Jo Nova Ironies don’t get better than this: Thanks to the renewable energy transition, Europe can’t afford to make renewable energy.

When will the message get through that renewable energy is not sustainable?

European photovoltaic plants and battery cell factors are temporarily closing or quitting altogether because of obscenely high electricity prices. When the plants were built they expected to pay €50/MWh, but now they are €300 – 400/MWh. And the situation may last another couple of years, so it’s hard to see how these manufacturers can avoid leaving permanently.

So much for all the solar jobs. Europeans are being reduced to being installers while the production of panels shifts to coal fired China because electricity is so much cheaper. Most of the wind turbine industry has already moved to China.

European solar PV manufacturing at risk from soaring power prices – Rystad By Jules Scully, PV Tech

Around 35GW of PV manufacturing projects in Europe are at risk of being mothballed as elevated power prices damage the continent’s efforts to build a solar supply chain, research from Rystad Energy suggests.

The consultancy noted that the energy-intensive nature of both solar PV and battery cell […]