I agree that it is investment babble, but it is babble that is not likely to stop anytime soon. The greens and their dim allies have plotted to partially nationalize the energy industry. These subsidies and mandates will lead to much higher energy prices and energy shortages. Without the subsidies and mandates, it would be an investment bubble. Ironically, the subsidies and mandates are increasing the cost of these alternative energy projects, in direct contrast to the claims of the alternative energy supporters. Without the mandates, the prices of alternative energy projects would be much lower.
With your nom de plume I see that you know what you are talking about. As with all these “flashes in the pan”, reality rules in the end; or the right brain/child-artist proposes the idea, the left brain/computer engineer disposes of the idea as impractical.
This happened to moi 37 years ago in the AZ desert : solar farm FANTASY met REALITY : bought 10 FLAT acres near sun-drenched Gila AZ. 43,560 sf/ac x 10 x $10/sf total system development = in maybe THIRTY FIVE YEARS it will pay for itself(zero net until then). What IDIOT will lend you $4,356,000 and wait 35 years....left the solar BS in the desert 37 years ago.
And so it goes with “green energy” : more fantasy than reality, but hey : PT Barnum : my boy, there’s a SUCKER born every minute...and a lot of them live in CA....