Thursday, 5 April 2012
Has AGW Been Found Out?
Q-Cells, once the world's biggest maker of solar panels, is filing for bankruptcy. The German firm says it has abandoned an attempt to refinance its debts and filed for insolvency on Tuesday.
The panel manufacturer has been hit by falling prices and last year the company lost €846m (£702m). It had been trying to organise a deal to swap debt for shares in the company but it said that a court ruling last week, which blocked a similar restructuring for a wood processing company, convinced it that it could not go ahead with its rescue plan.
Last year there was political controversy regarding the giant US solar panel manufacturer Solyndra went into administration.
It's been obvious that solar panels are non-profitable and cannot operate without large subsidies. Fortunately Scotland hasn't been too badly affected because we lack the regular quality of light required to power the panels, but there are still households which will suffer should they have one of the many now defunct manufacturers panels installed.
Jonova's latest post begins:
Soon, the moment will come when the crowd will say "I always knew it was a fake'. Here are three signs we are at the beginning of The End [of global warming]. Read it here.
AGW has been found out but it will take much longer to unravel the plots than it took to plan them. I can wait.