Breitbart: Don’t laugh too hard but this has been a terrible week for the renewable energy dream.
Across the world solar energy share prices have crashed. This was caused by a sudden and unexpected decision by China, the world’s biggest solar manufacturer and user, to rein in subsidies.
According to Caixin Global:
China has abruptly put the brakes on solar power subsidies, seeking to stem overcapacity in a sector that has benefited for years from government incentives.
The move caught many in the industry off guard.
The government won’t grant subsidies to any new ordinary solar projects this year. For those that are being built, the incentives will be cut by 0.05 yuan (0.8 U.S. cents) per kilowatt-hour (kWh).
Solar stocks have fallen across the board by double digits. It’s uncertain when they will recover. MORE
I hope Soros was VERY heavily invested.
The ROI on wind turbines is negative and they have to be propped up by tax payers.
I dispatch electric generation for a living. Solar power plants cycle off every night. Coal and nuclear, not so much.
I’ve never been able to figure that one out. /s
So society must return to algae and unicorn farts for renewable energy sources.
Unicorn herd managers are elated with the uptick of stock prices.
What is wrong with coal? We have crap loads of it. If wind turbines were economically feasible they would not need propping (ha ha) by tax payers. Same for solar.
Cool, that means more pelicans and gulls will be living instead of being torn apart by these monsters.
Eagles 🦅 are getting whacked too.
what ?
no solar at night, no wind power when the wind doesn’t blow ?
did any one else know this before we invested all this taxpayer money ?
who’s running this scam ?
we need a special council to figure it all out don’t we ?
“Renewables”
Sheesh. We live in a closed Universe. There is nothing here that is not from here. There is nothing used that simply ceases to exist.
Wind is a function of Solar – no Sun, no wind.
ALL the energy on the Earth originates with the Sun – yes, even nuclear – heavier atoms are forged in the bowels of the Sun.
If it weren’t for clichés and slogans, the totalitarians would have nothing – NOTHING.
And if we would make the effort to educate ourselves – they would have less than nothing – for our ridicule would drive them to mass suicide.
Ah, well.
izlamo delenda est …