Posts Tagged ‘price collapse’

“Boom and bust” for solar power in New Jersey

May 14, 2012

As distorting subsidy regimes are reduced or withdrawn and even with the collapse of prices for solar pv modules, solar power shows that it is still a long way from being commercially viable. This report is on the unhealthy and distorted situation in New Jersey where even more “artificial” legislation is planned to keep this non-viable industry alive. It would be far healthier to allow solar power plants to find their natural – unsubsidised – commercial niches. And there are commercially viable niches in industry and in domestic use for solar power  – albeit only as an auxiliary energy source (pv) or in support of domestic heating or of conventional thermal power plants (solar thermal).

Press of Atlantic City

The prices that power companies pay for solar power have all but collapsed, curtailing future development and leaving those who installed systems struggling to repay their loans. A glut of power has meant that prices have fallen by more than 80 percent in the span of a year.

In response, solar power advocates are pushing for state legislation that would limit the amount of solar power that can be produced by large companies, while mandating that power companies buy more solar power. …..


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