Global Green Power Bubble Bursting

Germany is joining Spain and the Czech Republic in hitting the brakes on cost-no-object green power hysteria.

The economic transformation and employment growth the Ontario government has targeted with its Green Energy Act is based largely on speculation that other jurisdictions will continue to subsidize green power and allow access to their markets by Ontario-produced wind and solar equipment. This last part of the Green Energy Act plan is particularly cheeky because Ontario restricts access by out-of-province manufacturers to Ontario green equipment market.

December 3rd update: Here is a good summary of the solar collapse in the Czech Republic.