I recently posted about how the Netherlands, the nation known for its iconic windmills, decided to throw in the towel on offshore wind power, as Dutch officials determined the country can no longer afford large scale subsidies for expensive wind turbines that cannot produce electricity at economically competitive prices.
Now there's news that Germany, the country that once prided itself on being the “photovoltaic world champion” is coming to the same conclusion about subsidizing solar energy. The German government is now planning to cut its generous government subsidies for solar energy (more than $130 billion so far) sooner than planned, and to completely phase out public (i.e. "taxpayer") support over the next five years.
"One of the world’s biggest green-energy public-policy experiments is coming to a bitter end in Germany, with important lessons for policymakers elsewhere.
What went wrong?
Unfortunately, Germany – like most of the world – is not as sunny as the Sahara. And, while sunlight is free, panels and installation are not. Solar power is at least four times more costly than energy produced by fossil fuels. It also has the distinct disadvantage of not working at night, when much electricity is consumed."
MP: To paraphrase Paul Gigot of the Wall Street Journal, "Solar (wind) energy is produced by mixing sunshine (wind) with our tax dollars." And the Germans, like the Dutch, are finding out that you eventually run out of other people's money (tax dollars) to fund alternative energy sources that are not justified by science or economics. As Margaret Thatcher taught us, that's always the problem with socialism - running out of other people's money.....