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Spain Halts All New Renewable Energy Projects

Home - by - April 8, 2012 - 11:00 America/New_York - 6 Comments

Gateway Pundit

FAIL. Obama’s Favorite Green Energy Success Story – Spain – Halts All New Renewable Energy Projects

Obama loved Spain’s green energy policy despite the fact that every job created in the sector cost 2.2 private sector jobs.
Gabriel Calzada’s full study can be found here: http://tinyurl.com/d7z9ye

Now there’s this…
Spain announced this week that they would halt all new renewable energy and co-generation projects.
Renewable Energy reported, via Steven Hayward at Power Line:

For over a decade, the Spanish government has prevented utilities from charging consumers the true costs of electricity. In other words, the final price paid by both large and small electricity buyers has been kept artificially low, in an arguably misguided attempt to contain inflation, protect consumers, and maintain the competitiveness of Spanish industry.

But it doesn’t matter. Obama is set on forcing the same failed policies on the United States. After all, he has donors to take care of.

 

MORE  HERE

» 6 Comments

  1. persecutor

    April 8th, 2012

    The Won is like all lib progtards-it may have failed elsewhere (communism, socialism, ecoism, etc.), but we’ll make it work because we’re the Ones we’ve been waiting for and are too smart to fail!

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  2. Name Redacted™

    April 8th, 2012

    Wow. If all the money wasted on green energy was just saved up to handle the supposed future crises of global warming˚ and to clean up actual pollution, the world would be spanking clean and many nations would be a lot richer.

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  3. Mr.Gates

    April 8th, 2012

    The investment analysis for solar Photovoltaics is very simple. It will pay for itself (compared with traditional forms of electricity generation) in 40 years and by that time you’ll have broken down old junk on your roof all paid off. And all you get is your initial investment back. You’re financially better off putting the money in a 1% return passbook savings account. At least you get something out of it and you don’t end up with all that scrap metal to get rid of.

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  4. sTevo

    April 8th, 2012

    And China is going nuclear

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  5. GM Car Of The Future

    April 8th, 2012

     
  6. Dr. Tar

    April 8th, 2012

    Obama was heard to swear under his breath “FRACK”.

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