Industrial Devolution: Renewables Obsession Leaves German Industry Crushed By Rocketing Power Prices

No country went harder and faster with its renewable obsession than Germany. The rocketing power prices that inevitably followed are crushing its once thriving industries, including motor manufacturers such as Mercedes-Benz. The idea that a critical input cost to manufacturing can be tripled without affecting profitability and employment is, as any student of that dismal […]

Power Poverty: Subsidised Wind & Solar Means 5 Million Germans Struggle To Pay Rocketing Power Bills & 340,000 Families Cut From Grid

Germany’s wind and solar experiment has failed: the so-called ‘Energiewende’ (energy transition) has turned into an insanely costly debacle. German power prices have rocketed; blackouts and load shedding are the norm; and once bucolic farmland has been turned into industrial wastelands (see above). Hundreds of billions of euros have been squandered on subsidies to wind and solar, […]