Tag: Solar subsidies

History Repeats: Taxpayers Fork Out Another $Billion on Another Giant Solar White Elephant

  When Crescent Dunes, the world’s biggest solar-thermal power plant went bankrupt, US taxpayers were left to pick up the tab, with their liability running into hundreds of $millions. South Australians (victims of their government’s obsession with chaotically intermittent wind and solar) can count themselves lucky that they didn’t end up with a carbon copy … Continue reading History Repeats: Taxpayers Fork Out Another $Billion on Another Giant Solar White Elephant

Annual Cost of Australia’s Solar Subsidy Scam Hits $2 Billion & Sends Power Prices Into Orbit

The line that Australia’s rocketing power prices will soon plummet is just a cruel hoax. The subsidies for large-scale wind and solar under the Federal government’s Large-Scale RET will total more than $60 billion over the life of that scheme: the Renewable Energy Certificates issued under the LRET have already added more than $15 billion … Continue reading Annual Cost of Australia’s Solar Subsidy Scam Hits $2 Billion & Sends Power Prices Into Orbit