May 21, 2017

Costly protectionist racket fails to keep lights on for solar panel companies

Holly NicholasRebel Commentator

More solar panel companies have filed for bankruptcy despite being given subsidies and having the Obama Administration impose tariffs on their Chinese competitors. SolarWorld with operations in Germany and the U.S. and Suniva, both claim they can’t compete with the Chinese.

Struggling green companies are asking President Trump to increase already hefty tariffs on Chinese manufacturers in order to keep them from competing in the United States.

But massive subsidies and protectionist measures like increasing taxes on incoming goods couldn’t even save these solar companies.

The fact is, if businesses need these kinds of measures in place, it means they’re not able to compete and they’ll all go bankrupt eventually.

This is happening in Germany too where the industry expanded rapidly thanks to heavy subsidies.

In the end, subsidies and protectionist measures cost taxpayers and the economy, and the public shouldn’t have to pay to run a business.

If you need taxpayer subsidies and government protection to run a business, you probably shouldn’t be in business at all.

Comments
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commented 2017-05-23 03:49:56 -0400
This side of small devices such as calculators and flashlights, solar panels are not worth installing into anything else.
commented 2017-05-22 00:22:05 -0400
Holly is basically on track but she muddles the subsidy issue. The main subsidies are consumer tax-breaks for purchasers of PV panels and, more importantly, Feed-In-Tariffs which force grid operators to buy the output from solar panels in priority sequence and to charge consumers above market rates for this juice. Lesser subsidies include direct grants and loan guarantees to manufacturers and free R&D.

The EU master-plan was to use Climate hysteria to force solar power upon the world and then sell the world EU-built PV panels. They underestimated Asian manufacturing. China, Taiwan, South Korea and Japan now make 90% of the panels. Hence the protectionist campaign which Holly focuses on.

Bill Elder is correct: the REAL subsidies turned out to be a transfer to Asian manufacturers. For more info please go to www.ecofascism.com
commented 2017-05-21 21:57:02 -0400
When oil and electricity displaced coal it didn’t take a government grant or tax bullying to make it happen. The economic and convenience factors were obvious. The same will be true if anything should come down the pike to displace oil and electricity. Lefties put themselves in the place of God and think they can make things happen by divine decree. If that is possible then why don’t they demand a cure for cancer? Just like they did in the Soviet Union.
commented 2017-05-21 16:40:04 -0400
Dale… The oil sands are a national park just look a little closer.!!
There is herds of Buffalo running on reclaimed land.. There is caribou and elk, deer up there there might even be Plains grizzly bear however I know that there is a plethora of black bear up there, there is a cougar and wolves, wolverines, martins and other kind of weasels… not to mention spectacular fishing… I believe Mildred lake (very large man-made lake) at syncrude been stocked with pickrell but it is illegal to fish there in less you are a CEO or some big shot oil executive being entertained while and after viewing the oil sands at syncrude The place is as wild as it used to be.!! I know this… I have worked there since 1983.
The problem with Jane Fonda Rachel Notley and the rest of these green folk that prefer ideology over Truth and common sense is they always look at the mine they never look at the reclaimed land..!!
The reclaimed line goes against their ideology.!
The greenies want to pick a fight.?? Let’s give them one.!!!
commented 2017-05-21 15:53:46 -0400
This is what happens when politicians’ friends, families, associates get government contracts. They’re not interested in creating a successful enterprise. They are in it for the money up front; perks, payroll, fancy offices. They have no investors to answer too. When the funds run out, business is dead. Put hand out for more. In the real world, those who have an idea or commodity to market often put everything they own into it to make a success, yet most start-ups fail anyway. The entrepreneur doesn’t get the benefits of take home pay or perks for sometimes years while crony capitalists are paid handsomely up front, enjoy the ride, while contributing little or nothing. The repeated failures of government subsidized green ventures proves that those provided the capital every entrepreneur dreams of are merely imposters.
commented 2017-05-21 15:37:15 -0400
Solyndra part II . . .
too bad someone doesn’t go to China and show the world the devastation caused by mining for rare-earths to make solar panels, windmills and electric cars.
Makes the Oil Sands look like a National Park !
commented 2017-05-21 15:21:20 -0400
The madness continues… Our Canadian government has plans to implement solar power to the Inuit north of the Arctic Circle… That is hilarious and it seems they want those people pushed off their land as well.. a solar package is just fine for a few lightbulbs and maybe a television set beyond that it’s a novelty I know, I have one.!!
commented 2017-05-21 14:21:23 -0400
I tend to believe that most of these “green energy” companies that go bankrupt even though they have millions per year invested into them from the government (whether our government or other country governments) because of embezzlement of its owners.

This “green energy” crap is all a scam, paid for by our tax dollars.
commented 2017-05-21 14:15:13 -0400
Solar Power, at it’s present stage of development, is just stupidity. I recently watched a video from the UK, they were showing massive banks of solar panels that were all on rafts floating in the ocean. All hinged together and rocking violently with the waves. In addition, they were all covered with sea weed and algae. They made excellent resting grounds for the Sea Gulls.
commented 2017-05-21 13:14:10 -0400
World wide the entire alternative energy scam is starting to unravel. Even though some of the most corrupt politicians are still pushing it.

The public backlash rises as the credibility of high-cost low-carbon policies collapses
The Business Financial Post
Jack Mintz
14 February 2917
Despite what you might hear from certain Canadian politicians, governments everywhere are starting to back away from anti-carbon policies as the backlash from voters continues to mount. We see it in Germany where they’ve begun returning to coal power. We see it in the cancellation of green subsidies in the U.K., Portugal and Spain. And there are even signs of it in Ontario, which suspended plans for $3.8 billion in new renewable contracts.
Something largely lost in the media flurry over President Trump’s executive orders was the Republican Congress’s unravelling of notable fossil fuel regulations. The House passed two resolutions last week: one rescinding “war-on-coal” water-quality standards, and another rescinding a rule requiring energy companies to report payments made to governments to extract oil, gas and minerals.

https://stopthesethings.com/2017/03/10/mounting-voter-fury-forces-canadian-renewables-retreat-subsidies-slashed-by-3-8bn/
commented 2017-05-21 13:02:18 -0400
I don’t think that solar is a profitable business anyway, but you are not considering the elephant in the room here. No company or sector that require a certain level of labour is able to compete against cos. that pay 3rd world salary with no benefits. We lost many industries in the west for that raison, which create an enormous amount of unemployment. This is the basic flaw of globalism and the main reason of 3rd world mass immigration in the west is to lower our salaries and cut benefits in the long run. In other sectors, humans will simply be replaced by robots wherever possible. Global free trade will result in only 2 classes of citizens, the poor workers and the very rich. Your theory which has sounded good in practice, is not working because wealth is not re-distributed with globalism.
commented 2017-05-21 12:39:26 -0400
Almost all green energy goverment subsidy goes off shore – taxpayers are essentially subsidizing industrial growth in China and Korea which is our direct economic competitors – only a criminally irresponsible government would subsidize under these conditions
commented 2017-05-21 12:18:46 -0400
I thought that the correct way to introduce solar energy, electric cars and other measures would be a gradual and steady introduction with research on cost effectiveness and viability at the forefront. Instead, we have a government, federally and provincially forcing and ramming it down our throats. Why would I lay out a pile of $$$$ for solar panels when I won’t live long enough to reap the cost savings? They’re in too big of a hurry and are shoving a square peg in a round hole.