None of the green energies would work if it weren't for large government subsidies. Europe is discovering this.
From The Daily Caller:
Europe’s Green Energy Industry Faces Collapse As Subsidies Are Cut
European countries are cutting back their solar subsidies to rein in energy costs and cut debt. The solar industry in Germany, Italy and Spain are all facing huge problems due to subsidy cuts and power rate hikes.
Germany plans to tax solar generation
The German solar demand is in freefall with only 818 megawatts of photovoltaic (PV) solar panels in the first five months of this year, a 45 percent drop from last year. This comes after a 60 percent decline in PV solar demand between 2012 and 2013.
Solar power set record levels of energy generation in June, but more is needed to meet Germany’s goal of getting at least 55 percent of its power from green energy sources by 2035. Even as the solar industry touts record generation levels, falling demand amid rapidly rising German energy costs have gotten the government to crack down on solar generation — which could cause solar demand to plummet even further.
To make things worse for the solar industry, PV Tech reports that Germany plans to levy charges on residential solar panel owners. Germany has been looking for ways to reform their green energy laws in order to lower power prices and still meet their global warming goals of cutting carbon dioxide emissions.
Germany’s planned energy reforms would force industries and households self-generating green energy to pay high surcharges to offset the energy costs of other consumers. Currently, energy-intensive industry have been exempted from green energy taxes so they can remain internationally competitive, meaning households and businesses bear the brunt of the high energy costs.
The cost of the subsidies are being moved from the consumers tax bill directly to the consumers wallet.
Of course, the consumer will see the requisite drop in their annual tax bill.
Just kidding...
