clipped from www.enn.com
The wind sector is now suffering from a financial crisis which has dried up project finance and a sharp fall in oil prices which has weakened its competitiveness compared to gas, but it is aided by subsidies such as a guaranteed price premium in Germany and Spain.
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The piece also tells us, "The United States is also expected to overtake Germany this year as the world's biggest producer of solar power, aided by its far sunnier climate, Jefferies analyst Michael McNamara told Reuters on Monday."
It's a damned good start, but that's all it is -- a start. Until we're 100% renewable, it's still a work in progress.
It's a damned good start, but that's all it is -- a start. Until we're 100% renewable, it's still a work in progress.