Thursday, January 19, 2012

Solar Energy in Germany

The expense of solar energy subsidies is prompting a re-thinking of governmental efforts for "Green" energy to replace traditional electricity sources.  From Der Spiegel:

The costs of subsidizing solar electricity have exceeded the 100-billion-euro mark in Germany, but poor results are jeopardizing the country's transition to renewable energy. The government is struggling to come up with a new concept to promote the inefficient technology in the future.

Note....that's Billion, with a B.  100 billion euros.  Even with the recent fall in the value of the euro, that's a LOT of money.  With the demands on Germany to bail out the PIIGS, politicians are realizing they can't have it all.

Read the whole story from Der Spiegel at THIS LINK.

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