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Solar Energy Industry Concerned over Possible Cuts in Government Subsidies
oilprice.com ^ | 27/10/2011 | John Daly

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.

Israel’s 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 Israel’s High-Tech Sector Struggles to Make Solar Power Cost Effective


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: globalcrisis; israel; recession; solarenergy

1 posted on 10/28/2011 8:57:29 AM PDT by bananaman22
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To: steelyourfaith

Ping.


2 posted on 10/28/2011 8:58:55 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: bananaman22

Green is like any DNC run program- 100% money laundering.


3 posted on 10/28/2011 9:17:05 AM PDT by NoLibZone (Democrats are violent. Prisons are overflowing with democrats convicted of violent crimes.)
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To: bananaman22
If Herman Cain would vow to bring back the incandescent light bulb, he would win in a landslide.
4 posted on 10/28/2011 9:17:40 AM PDT by stars & stripes forever ( Blessed is the nation whose God is the Lord.)
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To: Army Air Corps; golux; proud_yank; Bockscar; grey_whiskers; WL-law; IrishCatholic; Whenifhow; ...
Thanx for the ping Army Air Corps !

 


Beam me to Planet Gore !

5 posted on 10/28/2011 9:18:18 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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Do You Love FR?

Click The Flag To Support Your Forum

Then Keep Your Forum Running And Donate

6 posted on 10/28/2011 9:19:27 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: bananaman22

In a country where rockets and mortar shells fall like rain, an solar array farm is a very poor investment.


7 posted on 10/28/2011 9:39:19 AM PDT by NonValueAdded (So much stress was put on Bush's Fault that it finally let go, magnitude 6)
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To: bananaman22

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!!


8 posted on 10/28/2011 9:58:13 AM PDT by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: bananaman22

Crap! Now they will have to show a profit without subsidies. Not fair!


9 posted on 10/28/2011 10:22:13 AM PDT by malos (Call Me Inpressed)
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