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Author Topic: No End In Sight For Spain's Escalating Solar Crisis Back to Topics
E-Squirrel

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Orange County

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Message Posted: Aug 18, 2013 5:18:29 PM

Spain calls it the “tariff deficit,” a massive debt that accumulated over the past decade as the cost of running the country’s electrical system exceeded the revenues generated by sales of power.

In May, the tariff deficit reached a whopping $34 billion.

What drove this deficit?

Overly generous renewable energy subsidies are at least partially to blame.

In 2007, Spain paid a premium of $556 per megawatt-hour for electricity that rooftop solar panels supplied to the electric grid, compared with an average $52 paid to competing coal- or gas-fired power plants. By 2012, a whopping $10.6 billion in subsidies were paid out to the renewable energy industry, rising by about 20% from the previous year, and covering more than one third of all electricity generated in Spain.


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drpepperTX
Champion Author Texas

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Message Posted: Aug 19, 2013 11:52:26 PM

That is the problem!

Nobody really thought out the downfalls of government subsidies and mandates.
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TruthMatters
Champion Author New Jersey

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Message Posted: Aug 19, 2013 10:27:54 PM

They didn't thought that too much, did they?
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truvoice1
Champion Author San Diego

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Message Posted: Aug 19, 2013 5:10:48 PM

What we are seeing here is the result of lifelong politicians who don't have any business sense making economic decisions that affect multiple industries such as banking, etc. The problem with socialism is that it denies the free market realities of the marketplace by forcing change through legislation; with devastating results for all involved. This is what is going to happen to us here in the U.S. if we continue to elect politicians like Obama who promise us everything but deliver on very little.
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vandamme
Champion Author New York

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Points:144,760
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Message Posted: Aug 19, 2013 12:51:47 PM

"Hydrogen will be the future energy source, "

Do you see any hydrogen mines?

The sun sends down more power than we need, and we just need to figure out how to use it.
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Aug 19, 2013 8:42:09 AM

The government stepped into the market and guaranteed above market rates for solar generated electricity. Meanwhile, the traditional electric providers had to be a backup for the solar operators and provide energy when the solar was not available. This seems much like what we are seeing in some parts of this country. Perhaps those in Congress and the state regulators should take notice.
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qwerty17
Champion Author New Jersey

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Message Posted: Aug 19, 2013 8:06:59 AM

yikes.
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bar1035
Champion Author Charlotte

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Message Posted: Aug 19, 2013 7:16:54 AM

The only difference between Spain and the US is that we have our own printing press and everyone still accepts our dollars.
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Ltdc
Champion Author Long Island

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Message Posted: Aug 19, 2013 6:52:31 AM

Spain is in crisis period!
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MImusicman
Champion Author Michigan

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Message Posted: Aug 19, 2013 6:46:17 AM

Dumb!
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Radar1992
Champion Author Virginia

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Message Posted: Aug 19, 2013 6:33:56 AM

You can't get something for nothing....in general if you have to subsidize something then it can't function on its own and it needs to go away or made more efficient/affordable...
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Aug 19, 2013 6:30:30 AM

20
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FocusST2
Champion Author North Carolina

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Message Posted: Aug 19, 2013 6:26:29 AM

Ooooops.
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leeac
Champion Author Ohio

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Message Posted: Aug 19, 2013 6:17:02 AM

Good idea. Bad management.
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ovillaone
Champion Author Dallas

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Message Posted: Aug 19, 2013 5:30:58 AM

more dummies
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StArrow68
Champion Author Oakland

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Message Posted: Aug 19, 2013 4:26:09 AM

Unintended consequences, the major product of well meaning politicians.
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pricewar
Champion Author Ogden

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Message Posted: Aug 19, 2013 3:32:22 AM

dont be fooled
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mitt4prez
Champion Author Tacoma

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Message Posted: Aug 19, 2013 3:18:30 AM

Fortunately we don't have that cowboy in office, and we pay attention to the Europeans, and everyone loves us....
\
Hahahahahahahahahahahahahahahaha!
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mwg6275
Champion Author Miami

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Message Posted: Aug 19, 2013 2:36:39 AM

Too much is never enough for the socialist. Now even power companies are getting worried that all that solar power will eat into their earnings.
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OHMS
Champion Author Orange County

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Message Posted: Aug 19, 2013 1:46:20 AM

reVOLT like Gibraltar
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FluffyDogAttack
Champion Author Riverside

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Message Posted: Aug 19, 2013 1:16:44 AM

Death by subsidies. Coming soon here too!
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dunesfly
Champion Author Cape Coral

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Message Posted: Aug 19, 2013 12:50:59 AM

the numbers make no sense
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nurdco
Champion Author Colorado Springs

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Message Posted: Aug 19, 2013 12:21:54 AM

Government out of control and No Jobs
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MAC48
Champion Author Dallas

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Message Posted: Aug 19, 2013 12:21:26 AM

Any electrical energy production industry that must have subsidies to even be remotely competitive is an industry whose time has not come and this applies to the solar and wind industries anywhere in the world today. Solar and wind electricity generation using the technology we have currently is simply not cost competitive and requires taxpayer subsidies to be able to offer electricity that is even remotely near the cost of fossil fuel and nuclear produced electricity.

Spain will suffer terribly due to the blind faith that solar had arrived as a viable electric power generation source and Germany is following close behind. Keep watching folks as what will happen in Europe due to the dominance of the Green Parties in several European countries forcing solar and wind electricity production fails from an economic standpoint.

The question that should haunt the citizens of the US and Canada is will we follow the failing Green Party policies now in force in Europe.
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mlmeng
Champion Author Michigan

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Message Posted: Aug 19, 2013 12:14:17 AM

Should have paid more attention to the marketplace.
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Carol7777
Champion Author Houston

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Message Posted: Aug 18, 2013 11:22:05 PM

Did Spain not see this deficit growing?1
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WanderDan
All-Star Author Dayton

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Message Posted: Aug 18, 2013 11:15:32 PM

lol people are funny... the only people that complain about solar are those that refuse to use it.... I will keep saving my money while the haters hate
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gta_guy
Champion Author Toronto

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Message Posted: Aug 18, 2013 10:50:26 PM

Makes you wonder why the subsidies were set so high!
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Snowball2013
Champion Author Yakima

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Message Posted: Aug 18, 2013 10:45:49 PM

Wow could it be us?
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RitaVespa
Champion Author Oregon

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Message Posted: Aug 18, 2013 10:41:09 PM

Subsidies, guaranteed government loans.... Wonder if our deficit is larger than that?
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Zuegma
Champion Author Nova Scotia

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Message Posted: Aug 18, 2013 9:58:51 PM

Spain is not the first European country to find out that "Solar" is not the magic alternate to using petroleum/carbon based fuels and that it turns out to be far more expensive than originally lauded to be.
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drpepperTX
Champion Author Texas

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Message Posted: Aug 18, 2013 9:38:42 PM

History always repeats. We are heading down the same path.
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JagXKR
Champion Author British Columbia

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Message Posted: Aug 18, 2013 9:17:39 PM

Solar is an energy source that has it's place but will never be the end all to be all. Hydrogen will be the future energy source, too bad it won't be the near future.
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SimmsGas
Champion Author Virginia

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Message Posted: Aug 18, 2013 9:01:11 PM

Live on less than you earn applies to Governments also!
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sillywagon
Champion Author New York

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Message Posted: Aug 18, 2013 8:58:49 PM

Ouch! A huge "money pit"

An excellent example of politics overriding economics. Always a bad idea. While solar is and will be the dominate future of energy production, the knucklehead politicians don't realise that we are living in the present and not the future. And who the heck knows when the future where solar is main affordable energy source??? 20 years? 50 years? 100 years? It will happen, but not because of politicians.



[Edited by: sillywagon at 8/18/2013 9:00:42 PM EST]
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roadrunnin
Champion Author Richmond

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Message Posted: Aug 18, 2013 8:58:26 PM

economics 101
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pleinyeux
Champion Author Montreal

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Message Posted: Aug 18, 2013 8:56:23 PM

I hope this doesn't happen in Canada loll
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Flashcube
All-Star Author Nashville

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Message Posted: Aug 18, 2013 8:40:36 PM

Again, BAD politicians running with poor decisions and lots of greed.
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HorizonChaser
Champion Author Montgomery

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Message Posted: Aug 18, 2013 8:22:27 PM

This is what happens when greenazis have their way
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jcotaxi
Champion Author South Bend

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Message Posted: Aug 18, 2013 8:17:13 PM

I didn't know that Obama was running the country of Spain also.
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fedupMN
Champion Author Twin Cities

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Message Posted: Aug 18, 2013 8:16:39 PM

Sure am glad I don't live there.
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leemun
Champion Author Utah

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Message Posted: Aug 18, 2013 8:10:40 PM

Who cares?
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Rayfuel
All-Star Author Houston

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Message Posted: Aug 18, 2013 8:03:41 PM

When politicians are involved, anticipate the worst.
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craigsfrank
Champion Author Arkansas

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Message Posted: Aug 18, 2013 7:12:42 PM

Spain's problem unless Obama wants to "bail them out" to.
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VomVom
Champion Author Calgary

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Message Posted: Aug 18, 2013 7:01:57 PM

Germany is finding out the same thing. High renewable energy subsidies and in particular, solar energy is driving up electricity cost to the point manufacturing is leaving Germany. But of course the N Am liberal left wingnuts won't learn a thing.
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humblepie
Champion Author Toledo

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Message Posted: Aug 18, 2013 6:56:15 PM

america in a few more years, obamacare will be the final nail
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TonyC0628
All-Star Author Michigan

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Message Posted: Aug 18, 2013 6:40:34 PM

Wow this really stinks.
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bojiway1
Champion Author Minnesota

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Message Posted: Aug 18, 2013 6:37:09 PM

I hope this doesn't happen to us.
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ddor
Champion Author Michigan

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Message Posted: Aug 18, 2013 6:31:48 PM

K
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ExplorerWA
Champion Author Washington

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Message Posted: Aug 18, 2013 6:31:38 PM

Spain is bankrupt and socialist policies took it there like Greece. We are headed in the same direction. Wake-up before it's to late. We have maybe two years before the our Conny blows up and there will be no recovery, no job and paper money that is worthless.
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mandoid
Champion Author Alabama

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Message Posted: Aug 18, 2013 6:22:13 PM

Spain is where we are heading. How's that Obama thing working for you so far?
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