Follow the Germans and I see a dark and dismal future.
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For anyone looking for a taste of Australia’s economic future, then look no further than Germany. For that reason, over the next few posts, STT is going to have a close look at the debacle that is German wind power policy and its disastrous impacts on German business and households.
Germany’s renewable policy – referred to as the “Energiewende” – has seen €billions in power/taxpayer subsidies thrown at wind and solar power at the expense of German industry, manufacturing and families.
Skyrocketing renewables driven power prices are sending once competitive manufacturers and industries to the USA to benefit from energy made cheap by its recent shale oil and gas bonanza (see our post here).
For the same reason, more than 800,000 German homes are without power simply because they can no longer afford to pay their…
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