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>Apart from the US and its PTC structure, most of the huge capacity additions happening in wind and solar in Europe, Asia, Africa, China and India are happening
by TheLogothete 10y ago
>Apart from the US and its PTC structure, most of the huge capacity additions happening in wind and solar in Europe, Asia, Africa, China and India are happening from pure private unsubsidized auctions for power.
I don't want to enter into debates about the rest of the comment, but this is demonstratebly false in Europe from my experience as a EU citizen keeping an eye on funding programs and public discourse.
A quick google search says that the 2012 EC report on energy subsidies concluded close to 15 billion euros in subsidies for solar alone. The report DOES NOT include tax credits and DOES NOT include preferential lending support.
In addition, German citizen's bills have skyrocketed to the 2nd place (behind Denmark) because of solar power. German business refuses to eat up the solar power as part of a package because it will make them uncompetitive. This sentiment echoes around Europe, so I suggest you check your facts.
I don't even want to START on Chinese equipment manufacturers, many of whom face bankruptcy after the government dialed back on subsidies.
In all honesty, your opinion seems completely false based on the evidence I've seen.