Germany’s costly and chaotic wind and solar transition has served up plenty of casualties. Large numbers of energy intensive manufacturers have already bailed out - chasing cheap power prices in places like the US and Singapore. Now, in a rather ironic twist, its solar panel manufacturing industry has all but thrown in the towel. Notwithstanding … Continue reading Business Freeze: Germany’s Last Solar Panel Manufacturers Finally Crushed
Tag: German industry power prices
Coal-Fired Power Rescues Germany From Failed Wind & Solar ‘Transition’
Germans have worked out that relying on the weather for your power has one major problem: “The Weather”. They’ve even coined a term for gloomy, windless weather - ‘dunkelflaute’ - periods of days or weeks when their more than 30,000 wind turbines and millions of solar panels produce next to nothing or nothing at all. … Continue reading Coal-Fired Power Rescues Germany From Failed Wind & Solar ‘Transition’
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 … Continue reading Industrial Devolution: Renewables Obsession Leaves German Industry Crushed By Rocketing Power Prices
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