An epitaph for the renewables industry

Geoffrey Lean – the Daily Telegraph’s venerable environmental correspondent – breathlessly (you wish!) brings us more exciting news from the renewable energy front.

While attention has been focused on the Government’s overblown plans for expanding windpower (did Geoffrey really write this?), something extraordinary has been happening to solar energy. The prices of solar photovoltaic (pv) panels have been plummeting, wrong-footing even proponents of renewable energy.

In just the last two years, says a new report by the blue-chip Ernst and Young the average one-off installation price of pv panels has plunged from about £1.25 per watt of generating capacity to less than 95p. And in another two, it predicts, it will have crashed again to little more than 60p, which would mean that costs had halved in just four years.

I hate to break this to you Geoffrey, but this isn’t necessarily a positive sign that demand for solar is pushing prices down: it could mean that the bubble has burst and the market is scrabbling to turn a buck – as Tony Blair would probably tell you if you paid him a suitably generous fee.

Blair’s memoir, “A Journey” was first published on 2 September 2010. Three days later, Christopher Monckton said this in the Independent;

“The most surprising thing is that it is already being remaindered for half price at WH Smith in Paddington Station. It confirms that Blair was more show than substance.”

More show than substance. How apt.

This entry was posted in Adventures in Time Travel, Credulous journalism, Environment, Politics and tagged , , , . Bookmark the permalink.

2 Responses to An epitaph for the renewables industry

  1. AHLondon says:

    About that Blair book, it certainly didn’t help that he had the creepiest smile on the cover. It made me think of the Mona Lisa with a mental disorder. I hated walking past bookshops while it was in the window.

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