Deja Vu

Deja Vu for me, anyway, having had the bitter experience of losing money investing in alternative energy way back in something like 1976 or so. A rare article [they were rare back then too] is sadly doing reality checks.

Some highlights:

"[In Spain]... soaring electricity prices forced other businesses to cut 2.2 jobs for every "green" job created... Spain's unemployment rate is now 17% and rising."

"... turbines that Downing Street intends to install over the next decade will be manufactured — not in Britain, but in Germany, Denmark and China, where coal still powers steel mills and factories."

"Austin's GreenChoice program cannot find buyers for electricity generated entirely from wind and solar power. After seven months, 99% of its most recent electricity offering remains unsold, as Austin's renewable electricity now costs three times more than standard electricity."