Quote:From the article:


“This is very disappointing for the solar industry,” said Leonie Greene, a spokeswoman for the Solar Trade Association, an industry group.


Ms. Greene said that with costs of installations falling fast, solar farms were close to being competitive with new power plants fired by natural gas. But she said that a couple more years of government support was warranted to give the developers time to close the gap further.


Juliet Davenport, chief executive of Good Energy, a renewable energy business that owns six solar farms in Britain, said: “From our point of view, any change of policy means investors are concerned about investing.”


“It makes business strategy very difficult,” she added.


Deepa Venkateswaran, an analyst at Bernstein Research in London, said that electric power generation was the best bet for further reductions in carbon dioxide emissions, rather than other industrial sectors like transport. She said the government might be sacrificing big climate change gains for budgetary savings that amount to “small change.”


“Investors in the power sector are ready to make the investments in renewables,” she said. “If the government takes away the incentives or gives low clarity, clearly those investments won’t happen.”


Seems pretty straightforward to me.

 

As someone that has worked in the "industry" of renewable energy sources, I can tell you that solar isn't really the way to go.  Full disclaimer, I didn't work for a "green energy" company, rather a company that focuses on alternative power for entities to use as either temporary or a supplement to traditional power sources.  I can tell you that solar can not generate enough power, even in ideal conditions to be an alternative.  Wind is probably the worst in most cases.

 

Our government already sank billions (with a "B") of dollars into "clean energy" that never panned out.  You want to know why?  It's because the sun isn't guaranteed to shine and the wind isn't guaranteed to blow.  The other problem is that the energy created by those methods needs to be stored.  Guess what?  You can't store a significant amount of energy in just a few batteries, and the technology of batteries isn't exactly "clean".

 

So any "investors" ready to put cash on the table are making a losing bet.  Government should also not put cash out in regards to this fantasy.

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