Central planners believe in themselves and not the free market. It would be nice if they learned from their mistakes.
France has a big-time subsidy for solar panels. It has gotten so bad there that farmers are getting rid of their cows to make room for more solar panels. And the price of electricity…from solar panels it is outrageous
France’s energy regulator estimates EDF will pay an average of 546 euros a megawatt-hour for solar power in 2011. That’s almost 10 times estimated spot market power prices of 55 euros, and the highest among renewable energy sources…read about solar power in France
Have we learned anything from this mistake? Nope. President Obama is still spending our money on solar energy and green jobs.
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