Skip to comments.Solar Energy Industry Concerned over Possible Cuts in Government Subsidies
Posted on 10/28/2011 8:57:27 AM PDT by bananaman22
In any country, at the end of the proverbial day, both energy utilities and consumers are finally interested in the technologies that generate a kilowatt of electricity most inexpensively, all other considerations aside.
Accordingly, all countries involved in solar energy are optimists, but nascent industrial efforts to generate power on a commercial scale from the sun are without exception dependent upon current government subsidies to enter the market, which is littered with optimism, the failure of U.S. federally subsidized company Solyndra being Exhibit A.
But countries worldwide are seeking government support to shield their embryonic solar industries from market realities until conditions improve, and few countries are more caught between the realities of the free market and national priorities in developing energy alternatives than Israel, whose energy imports remain a major topic of concern to the government. Subsidies are viewed as critical worldwide by solar producers, especially in a recession market, but fiscal realities are asserting themselves, which alternative energy companies warn could kill their efforts.
Israels government is now reconsidering its alternative energy policies due to fiscal constraints, to cut the incentives price for mid-sized photovoltaic power plants.
Association of Renewable Energy of Israel CEO Eitan Parnass bluntly told Public Utilities Authority (Electricity) acting chairman Orit Farkash-Hacohen, "People will avoid private power production in Israel if the rates the entire industry relied on are changed.
As a consequence of the global recession that began in 2008 prices for photovoltaic solar panels worldwide have receded. Quite aside from substantial Full article: Even Israels High-Tech Sector Struggles to Make Solar Power Cost Effective
Green is like any DNC run program- 100% money laundering.
In a country where rockets and mortar shells fall like rain, an solar array farm is a very poor investment.
If Solar is so great, why do they need subsidies at all?
Seems to me that a ‘money making’ adventure would be making a lot of ...um... money!!
Crap! Now they will have to show a profit without subsidies. Not fair!
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