I’ve been wanting to find some financial info for the operations of a solar farm.
Wow, did I hit the jackpot with an article from the Canada Free Press dated 1-18-14: Hard Times Hit Large Scale Solar Energy.
I will extract some of the financial tidbits and reorganize them.
Here’s the summary reason (broken into bullet points) why solar power plants aren’t getting built very fast:
Solar companies are going out of business because solar power is not economic without large government subsidies and incentives;
projects are being canceled because of lack of financing;
saving threatened or endangered species, such as the desert tortoise, is costing solar developers dearly; and
once built, solar developers are having difficulty in negotiating agreements to sell their power to utilities because solar power requires higher rates than what utilities pay for power from traditional energy sources.
General relationship of electricity costs
Continue reading “Financial results not looking good for wing-toasters, part 1 – solar #7”