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Dark Days for Green Energy http://apocadocs.com/s.pl?1233779434
Wind and solar power have been growing at a blistering pace in recent years, and that growth seemed likely to accelerate under the green-minded Obama administration. But because of the credit crisis and the broader economic downturn, the opposite is happening: installation of wind and solar power is plummeting. Factories building parts for these industries have announced a wave of layoffs in recent weeks, and trade groups are projecting 30 to 50 percent declines this year in installation of new equipment, barring more help from the government.
Prices for turbines and solar panels, which soared when the boom began a few years ago, are falling. Communities that were patting themselves on the back just last year for attracting a wind or solar plant are now coping with cutbacks.
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[Read more stories about:
alternative energy, renewable energy, stupid humans, short-term thinking]
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New!:
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Your Quips:
Gilly says: "It's always darkest before the dawn, right?"
BillyBoy says: "Hey, it could be worse: at least they aren't UN-installing wind and solar power!"
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'Doc Jim says:
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They're laying off people working in renewable energy? Is this the "invisible hand of the market" picking the pocket of my future?
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