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Subject: The Sun is Setting on Solar

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Ed Gooding (VA)    Posted 07-18-2017 at 19:08:13 [URL] [DELETE]        [Reply] [Email]  
  • The Sun is Setting on Solar
  • THE SUN IS SETTING ON SOLAR POWER, THE MONEY’S GONE AND NOBODY’S ASKING ANY QUESTIONS.
    Posted by Pointman on April 13, 2012

    If you keep an eye on the financial world, which I do, and especially the green sectors, which I also do, it’s been an interesting time of late. Within the last few weeks, Solar Trust of America (STA), owner of the world’s largest solar plant, filed for bankruptcy protection under Chapter 11, and nobody expects much of it, if anything, to emerge from it. STA joins a long list of companies in the solar energy sector, who’ve gone bankrupt, ducked into protection from their creditors, suspended production indefinitely or are simply circling the plughole.

    Across the world, a few of the more prominent and expensive casualties are Solyndra, Solar Millennium AG, Energy Conversion Devices Inc, Q-Cells, Solon, Solar Millenium, Solarhybrid, Ener1, Range Fuels, Beacon Power Corp and there’s a whole lot of others. In case you haven’t noticed, it’s probably not a good idea to invest your hard-earned pennies in any company with “solar” in its name. It’s almost as bad a mistake as thinking you had some sort of long-term future employment with one of them.

    Nearly all of these companies were the beneficiaries of huge government startup grants or loan guarantees. The products they made were effectively sold to consumers with a subsidy, to make them more attractive. The customers also had the benefit of some generous feed-in tariff schemes. All that money that was sunk into them has now gone and the specific green industry sector it was expected to create, is pretty much moribund.

    ...

    steveVa    Posted 07-19-2017 at 11:54:27 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Sun is Setting on Solar
  • This has been the curse of the solar industry for years. Government intervention.
    For some reason our government, both state and federal, have decided that the solar products industry needs to have a government subsidy to exist. I was designing buildings back in 1978 with active and passive solar heating systems. Products would appear and disappear in availablity based on what tax credit or subsidy was available at that time. Even though the design costs worked without the 25% and 40% credits and or subsidies, no one wanted to do anything unless the credits were available. Everyone got used to the big credits and did not want to mess with solar when they disappeared. This is a prrfect exmple how govenment cannot intervene into private industry successfully. I believe Amtrack is the same scenario.

    Dean    Posted 07-19-2017 at 12:23:18 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Sun is Setting on Solar
  • "This is a prrfect exmple how govenment cannot intervene into private industry successfully."

    Indeed. The rest of the world, including China, learned this long ago, aside from North Korea, Cuba, Venezuela, and, perhaps a couple of others.

    Sadly, US lib/dem/socs continue down the garden path.

    The result will be the same.

    Dean

    Frank (WNY)    Posted 07-19-2017 at 06:14:51 [URL] [DELETE]        [Reply] [Email]  
  • Re: The Sun is Setting on Solar
  • The company I work for supplied equipment to most of the companies mentioned and others. Most are gone. Thankfully, they weren't our mainstream business or I probably wouldn't have a job today. I provide technical support for the equipment and a lot of it ended up on EBAY. I constantly get calls from people that are looking for free support information about those. Most of the equipment was built especially for the solar companies and don't work for any other application. I think we got paid for all of that stuff before they went belly up...

    Dean    Posted 07-18-2017 at 20:57:05 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Sun is Setting on Solar
  • "Nearly all of these companies were the beneficiaries of huge government startup grants or loan guarantees. The products they made were effectively sold to consumers with a subsidy, to make them more attractive. The customers also had the benefit of some generous feed-in tariff schemes. All that money that was sunk into them has now gone and the specific green industry sector it was expected to create, is pretty much moribund."

    Bingo.

    Some things just don't make sense (not that this matters to greenies).

    Stay tuned for ethanol and windmills.

    Dean

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