Are solar and wind finally cheaper than fossil fuels? Not a chance – by Lawrence Solomon (Financial Post – April 27, 2018)

http://business.financialpost.com/

“’Spectacular’ drop in renewable energy costs leads to record global boost,” The Guardian headline reported last year. “Clean Energy Is About to Become Cheaper Than Coal,” pronounced MIT’s Technology Review. “The cost of installing solar energy is going to plummet again,” echoed Grist, the environmental journal.

Other sources declare that renewables are not only getting cheaper, they have already become cheaper than conventional power. The climate-crusading DeSmogBlog reports that “Falling Costs of Renewable Power Make (B.C.’s) Site C Dam Obsolete” and that “Coal Just Became Uneconomic in Canada.”

It implores us to discover “What Canada Can Learn From Germany’s Renewable Revolution,” as does Energy Post, an authoritative European journal, which described “The spectacular success of the German Energiewende (energy transition).”

Here’s what Canada can learn from Germany, the poster child for the global warming movement. After the German government decided to reduce subsidies to the solar industry in 2012, the industry nose-dived. By this year, virtually every major German solar producer had gone under as new capacity declined by 90 per cent and new investment by 92 per cent.

Some 80,000 workers — 70 per cent of the solar workforce — lost their jobs. Solar power’s market share is shrinking and solar panels, having outlived their usefulness, are being retired without being replaced.

For the rest of this article: http://business.financialpost.com/opinion/lawrence-solomon-are-solar-and-wind-finally-cheaper-than-fossil-fuels-not-a-chance

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