Investment In Onshore Wind & Solar Power Dries Up
By Paul Homewood
How often have we been told that wind and solar power can now compete on equal terms with fossil fuel?
Of course, this did not stop renewable lobbyists from whingeing when the government announced last year that subsidies for onshore wind and solar power would be phased out this year.
It turns out that, since those subsidies were withdrawn in April, building of new capacity has plunged, especially of solar farms.
Clearly, despite the hype, wind and solar power cannot survive without generous subsidies.