A familiar theme to you on this blog, and to my Email friends. Subsidized green energy – wind, solar, and bio-fuels – are a road to nowhere except failure.
This post is about Spain, and the failure that they experienced, and continue to be burdened with. The government decided that solar energy was the future, and subsidized the most massive solar farms on the planet. Due to their budget and economic problems, the government was forced to eliminate the subsidies. The result? The providers, equipment manufacturers, and other hangers on are bailing out of Spain, leaving the poor customers holding the bag. Think there might be a message here for us, as well?
Read the Heritage article for much more.