In January, the Spanish government ended absurdly lavish subsidies for its renewable-energy industry, and the renewable-energy industry all but imploded. You could say it was never a renewable-energy industry at all. It was a government-subsidy industry where in exchange for creating conscience-soothing but otherwise inefficient windmills and solar panels, the government gave the makers piles of cash consumers never would have.
“They destroyed the Spanish market overnight with the moratorium [on subsidies],” European Wind Energy Association CEO Christian Kjaer told Bloomberg News.
The reason the Spanish example is so important is that it demonstrates how the whole green-energy “revolution” was really an ideologically driven green boondoggle from the start.
At the beginning of his administration, President Obama insisted that if we didn’t follow their lead, we would surrender the hugely profitable renewable-energy sector to those sagacious Spaniards. In 2009, researchers at King Juan Carlos University found that Spain had destroyed 2.2 jobs in other industries for every green job it had created. The researchers also calculated that the Spanish government had spent more than half a million euros for each green job created since 2000, and wind-industry jobs cost more than 1 million euros apiece.