If you take enough money from the treasury, even pigs can fly...but not for long.
ANOTHER TAXPAYER-FUNDED SOLAR-ENERGY COMPANY FAILS...
The bankruptcy is the largest in Spain's history.
CLOUDS GATHER OVER INDUSTRY...
The success so far has been driven by a combination of falling product prices – solar panels are 80% cheaper now than they were five years ago – but also by generous subsidies ultimately paid for by the consumer.
The introduction of the generous feed-in tariff (FiT) aid scheme in 2010 kickstarted a revolution. By 2011 around 1GW of solar had been installed, with this figure doubling over the next 12 months even though FiT rates had been cut in half.
By 2013, helped in part by the use of another subsidy scheme set up for wind, the renewables obligation (RO), large ground-mounted arrays began to be put in place.
But over the last year both the RO and FiT support mechanisms have been either removed or wound dramatically further down – with the government arguing the industry should largely be fending for itself while bill payers should be spared unnecessary cost.
"Solar in Britain has been an amazing success.” Really?
Only 2.2% of the total electricity generated in the UK in 2015 was from solar sources, at a massive cost to taxpayers.
Edited by Rogerdodger, 17 April 2016 - 09:44 AM.