Billions burned in German solar debacle

Just last year the German solar power industry was predicting good times.

Large German companies such as Siemens and Bosch are abandoning the solar industry. Their strategies resulted in debacles – their investments in solar power companies cost them billions. Compared to what investors have lost as a result of their investments in solar stocks, however, these sums are almost negligible amounts. The former stars at the stock exchange, SolarWorld and Q-Cells, have destroyed tens of billions of capital. –Thiemo Heeg, Frankfurter Allgemeine Zeitung, 18 June 2013

via latest newsletter from the Global Warming Policy Foundation – h/t Benny Peiser at the GWPF.

The following is adapted from the Frankfurter Allgemeine Zeitung.

Large German companies such as Siemens and Bosch are abandoning the solar industry. Their strategies resulted in debacles – their investments in solar power companies cost them billions. Continue Reading →