Wednesday, August 15, 2012

Quote of the Day

"“The over-dependence of the wind industry on economic incentives to grow and prosper is not a good thing, particularly in these times of a dysfunctional political leadership,” Duprey said on a second-quarter conference call last week."

I would say the same of the US solar industry. While nations like Germany, Australia, Italy, France and the U.K. have rolled back subsidies we've held ours stubbornly high. Investors claim you need steady subsidy policy to encourage growth - that's marketing BS. Holding subsidies static unnecessarily holds up prices and prevents competition from weeding the weak. The cows are going to come home after the election and things are going to get messy.

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