Thursday 9 August 2012

Yesterday I Did A Post About Wind Farms,

being a total waste of money,


the same problem is in the solar panel industry, take away government subsidies and the solar panel industry does not pay its way, take China for instance, huge economy, labour force and abundant raw materials so the solar panel industry should be coining it in, not so! just yesterday investment bank Maxim Group said in a recent report that China's solar industry is close to the edge of bankruptcy, the debt of 10 of China's largest solar energy companies totalled $17.5 billion, the report said, it particularly pointed out that LDK Solar is most likely to go bankrupt, think about this, 10 of the largest companies are about to go bankrupt, as I have always believed solar energy is no better than wind farms when subsidies are removed, way to go solar, I think not.

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