Useless dago renewable energy

Renewable energy all over the world over is showing that it is dead set useless…especially where it is heavily subsidised.

Spain is no different, their energy industry is in tatters as a result of renewable projects.

Years of disastrous policies, coupled with the economic crisis, have recast renewable energy in Spain. Once touted as the embodiment of progress, wealth and sustainability, the industry is now seen as an unwanted and costly extravagance.

The policy turnaround started in 2010 but picked up momentum with a government decree in July aimed at closing a widening gap between the cost of electricity generation and what consumers pay — known as the tariff deficit.

The decree’s impact has all but erased public support for renewable power, raising alarms in the industry inside and outside Spain.

“We’ve gone from misery to ruin,” said Jaume Margarit, director of the Association of Renewable Energy Producers. 

The price you pay when listening to the siren song of the green taliban.

In essence, the decree aims to stop an unsustainable annual growth of the tariff deficit, which over the years has built up a cumulative debt of about €26 billion, or $35 billion. In an embarrassing admission, the government said last month that despite past consumer price increases for power and attempts at reform, the tariff deficit this year would reach €2.5 billion to €3 billion.

The call on the government’s coffers has soared as tax revenue has slumped because of the recession.

While the demand for power has plummeted nearly 6 percent since 2007 because of the slide in economic activity, the share of mandated renewable output has increased, crowding out cheaper coal and gas.

More than 27 percent of Spain’s power supply in 2012 came from renewable sources, excluding big hydroelectric generators, compared with around 13 percent in 2007 — one of the highest shares in the European Union.

The government’s bid to change course has all but assured legal battles with investors, and has triggered diplomatic pressure by the United States and the rest of Europe, as well as expressions of concern from the E.U. authorities.

Renewables don’t work and can only be made to work with massive subsidies…a clue to the inefficiency of the model.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.