Green Mega-Flop: Germany’s Solar Industry Crashes And Burns

Almost every single major German producer of solar systems has gone insolvent. Investors are flocking away in droves because of cancelled subsidies. New additional installations are hardly taking place. The first installations are now being taken offline and the share of solar power in Germany has fallen below 6 percent.

Michael Kruger at German skeptic site Science Skeptical here writes about how solar energy indutry in Germany has disintegrated spectacularly.

What follows are 4 charts that show us some shocking trends, and how in reality the German solar industry has seen a bloodbath that can be rated as one of the worst in a long time. The reality is that Germany’s green revolution is far from being a model for the world.

Solar share of electricity falls

The first chart shows solar energy as a share of gross electricity production:

Share of German electricity produced by solar power fell in 2016. Chart: Statistica

The chart above shows the share of solar energy of total electricity production peaked in 2015 and the trend has since levelled off.

Subsidies and investments get slashed

In the next chart, the rate of the addition of new solar power production systems has plummeted. In 2012 over 7000 megawatts of new solar capacity were added.

German solar boom crashed into a wall. Chart: Bund der Energieverbraucher.

But in 2012 the boom ended abruptly as new laws on feed-in rates were enacted in order to keep the solar energy supply from going out of control. In 2017, only 600 megawatts of new capacity were expected to be added. That’s a 90% drop! […]

The solar jobs bloodbath

Finally the fourth chart depicts the number of jobs (Arbeitsplätze) in the German solar industry. Here we clearly see a bloodbath.

Full post

via The Global Warming Policy Forum (GWPF)

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April 22, 2018 at 03:48AM

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