Posts Tagged ‘solar fraud’

Japan’s solar dream shatters as projects fail

Saturday, November 23rd, 2013

Source: Reuters

Japanese Solar

Japanese Solar

By James Topham and Aaron Sheldrick

TOKYO (Reuters) – The failure of solar developers to deliver on planned projects in Japan will cost the country’s utilities close to $3.5 billion annually in additional coal and gas imports to generate power.

Japan’s government banked on solar power to help meet the shortfall in electricity supply after the Fukushima disaster in 2011 shattered public confidence in nuclear energy. The country’s reactors are shut while the government struggles to convince the population the plants are safe to restart.

To encourage solar investment Tokyo introduced generous subsidies more than a year ago, sparking a rush from developers who came forward with plans that would have supplied the equivalent to 21 nuclear reactors.

But in contrast to the experience in countries such as Spain and Britain, where subsidies sparked solar booms that strained government finances, in Japan developers are struggling to deliver. (more…)

Solar Pie-in-the-Sky

Thursday, June 28th, 2012

Source: No Frakking Consensus

Image Source Page: http://www.studentaward-middleeast.com/idea.php?id=134

How plans to run an entire Australian town on solar energy failed miserably.

I came across an interesting article today. It’s from the Reuters news service, is dated November 2007, and has a headline that reads:

Australian town to run on solar power in 2 years

The article says that a sun-drenched town in a remote part of northern Queensland was chosen as the site of a $7 million, 10-megawatt solar thermal power stationas part of a push to make Cloncurry one of the first towns to rely on solar power alone. (more…)

First Solar’s Crony Socialism is a Big Failure

Thursday, June 14th, 2012

Source: NLPC

by Paul Chesser

Renewable-loving Los Angeles is showing that even the power of billions of dollars in taxpayer “stimulus” cannot overcome the dominant hand of government regulation, and ironically it’s costing President Obama more green jobs.

One of the darlings of the Department of Energy’s Loan Guarantee Program, First Solar, has seen its stock price take a drubbing, laid off thousands of workers, and left its leadership – with significant influence from Walmart’s Walton familyscrambling to save the company. The latest stumble has led to another setback of worker inactivity at First Solar’s Antelope Valley Solar Ranch One project in California, approximately 75 miles north of downtown Los Angeles, despite $646 million in taxpayer-guaranteed loans. At issue is a disagreement with Los Angeles County safety inspector over electrical installations and whether they meet standards. (more…)

Obama’s solar Stimulus Snafu

Monday, September 5th, 2011

Source:  Wash Times

ASSOCIATED PRESS President Obama speaks at Solyndra Inc. in Fremont, Calif., on Wednesday, after touring the facility that manufactures solar panels.

President Obama made a high-profile visit in May 2010 to Solyndra Inc., a solar-panel manufacturing plant in Fremont, Calif. The company received $535 million in loans from the Energy Department and was a centerpiece of the Obama administration’s economic stimulus effort. “Companies like Solyndra are leading the way toward a brighter and more prosperous future,” Mr. Obama chirped. On Wednesday, Solyndra closed its corporate headquarters, announced that it’s filing for bankruptcy and laying off 1,100 workers.

The Solyndra debacle is a case study in the failure of government intervention in the economy. Founded in 2005, the company manufactured a rooftop solar panel designed chiefly for commercial applications. Solyndra was a poster child of the utopian future envisioned by the Obama administration when oodles of green jobs would relieve the nation’s unemployment rate, generate clean energy and help the environment. Energy Secretary Steven Chu rushed through loan guarantees, and money began to flow to Solyndra from the Federal Financing Bank. The terms of the loans, just more than 1 percent interest in most cases, were well below the rates competitors had to pay. (more…)

German Solar Energy Gravy Train – The Coming Meltdown

Thursday, June 24th, 2010

by pgosselin

At the government feeding trough.

Other blogs have mentioned today a report from the German financial daily, Handelsblatt here, but didn’t provide many details, and so I’ve decided to shine a little more light on the article. It is indeed frightening.

The German government has been generously subsidising renewable energy sources for years now, and it’s going to cost the German consumer a bundle – and soon.

The big price driver is solar energy. Year after year more and more panels are getting installed on German roofs and far surpassing even the most optimistic projections. But that shouldn’t be a surprise because Germany’s Energy Feed in Act (EEG Gesetz) guarantees solar energy system operators a fixed tariff for 20 years, making solar energy systems extremely lucrative for those who have them. (more…)