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Sunday, April 15, 2012

The sun is setting on solar power, the money’s gone and nobody’s asking any questions. « Pointman's

The sun is setting on solar power, the money’s gone and nobody’s asking any questions. « Pointman's: "Billions and billions and we’ve ended up with pretty much nothing. Actually, that’s not quite correct. What we will have, within a decade or two, is a clear up job that’ll make Chernobyl look like a training day. As the vast arrays of panels age, they’ll crack and contaminate the topsoil with poisonous chemical particles. Take a careful look at the picture below, because that’s what we’ll have to pay to detoxify, and make no mistake, we’ll be the ones paying, despite a few of the companies installing these panels having given undertakings to dispose of the panels at the end of their service life. The hard-nosed investor in me reckons they’ll be safely bankrupt by the time any such expensive undertakings have to be honoured."

The inevitable outcome of state enterprises.

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