The scandal of solar power in Spain

Chris Horner
Planet Gore
National Review Online

“Think about what’s happening in countries like Spain.” It seems so long ago that Barack Obama thus instructed us — eight times — to ponder his model for a “green jobs” economy. Regular readers of Planet Gore — and particularly those who read Power Grab: How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America — know the backstory on Spain’s embrace of renewables. It was just over one year ago that, responding to Obama’s call to examine these policies, Gabriel Calzada et al. published their “Study of the effects on employment of public aid to renewable energy sources” [PDF], which detailed the job-killing effects of state investment in inefficient and unreliable power.

You may recall, too, the Obama administration’s sleazy efforts to smear this work. They were attacked here and in Spain by vested interests, Big Green, and the Spanish Communist trade union. Their supposed crime was being unpatriotic — that is, letting the cat out of the bag about the true cost of green-jobs schemes before the U.S. had committed to them and thereby bailed out Spain’s “bubble” industries.

It’s been an eventful week in Spain on the issue, so allow us to gloat.

On Tuesday, the story finally made it onto the front page of Expansión (their equivalent of the Financial Times) — earning coverage by an editorial and two opeds, as well.

The paper’s front page screams: “the cost of renewables skyrockets to 6.2 billion euros” — though that number refers only to the feed-in tariffs of last year alone. (Hey . . . skyrocketing. No wonder Obama cast his longing gaze Spain’s way!)

The title of one article inside is “To subsidize the renewables costs 250 euros [appx. $335] every year in electricity to each consumer.”

The editorial decries “the unsustainable cost of renewables.”

The article continues at National Review Online.

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