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Germany's Green Disaster (Wave Of Solar Bankruptcies Wipes Out Almost 25 Billion Euros of Value)
Global Warming Policy Foundation ^ | 12 July 2012 | Jörg Hackhausen

Posted on 07/12/2012 6:25:33 PM PDT by rjbemsha

Germany’s large solar companies have lost almost 25 billion Euros of their stock market value (The German title is: "Solar-Pleitewelle vernichtet Milliarden".) To put it another way, large German solar companies (with one exception) "have lost more than 97 percent of their value since the peak of Germany's government policy-driven solar energy boom.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: climatechange; globalwarming; globalwarminghoax; solarbankruptcies
Original article from Handelsblatt (http://tinyurl.com/76y7ety). Hat tip to the Global Warming Policy Foundation. Translation from German by Philipp Mueller.
1 posted on 07/12/2012 6:25:43 PM PDT by rjbemsha
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To: rjbemsha
But...but...liberals are so practical. They wouldn't waste good money on bullsh!t projects, would they?

Heheh...have you heard about Solydra?

2 posted on 07/12/2012 6:29:30 PM PDT by RoosterRedux
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To: rjbemsha
Still time to put those nuke plants (canceled in the post-Fukushima panic) back in the long term plans!
3 posted on 07/12/2012 6:31:46 PM PDT by Seizethecarp
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To: rjbemsha

How much of our money was involved with those companies?


4 posted on 07/12/2012 6:37:18 PM PDT by RC2 (Buy American and support the Wounded Warrior Project whenever possible.)
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To: rjbemsha

I just hope Algore invested heavily in these scams.


5 posted on 07/12/2012 7:09:40 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Seizethecarp

No chit. They will be buying power from the Russkies soon. Dummies....


6 posted on 07/12/2012 7:17:59 PM PDT by USAF80
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To: All


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7 posted on 07/12/2012 7:21:46 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: rjbemsha

I would suspect that they just didn’t do it right. Probably need to try it again but with better socialist guidance and management. If that fails, they will need to try it again but with better socialist guidance and management,......


8 posted on 07/12/2012 8:24:15 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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To: rjbemsha

What should be frightening is that Germany is probably the most capable and efficient of the European Circus Clowns. If they can’t make it work, think how bad it must be for the lesser clowns.


9 posted on 07/12/2012 8:27:16 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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Wow, I’m shocked. When I think of endless carefree sunny days, the first thing that pops into my head is Germany.


10 posted on 07/13/2012 3:57:16 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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