Major Cutbacks in Solar Industry in Germany and Elsewhere
In the United States, venture capitalists lost half of the $25 billion they pumped into startups of wind and solar between 2006 and 2011
By Jack Dini —— Bio and Archives--May 11, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
Germany is the poster child for the global warming movement. However, after the government decided to reduce subsidies to the solar industry in 2012, the industry nose-dived. By this year, virtually every major German solar producer had gone under as new capacity declined by 90 percent and new investment by 92 percent. Some 80,000 workers, 70 percent of the solar workforce, lost their jobs. Solar power's marker share is shrinking and solar panels, having outlived their usefulness, are being retired without being replaced reports Lawrence Solomon. 1
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