Solar Panels going cheap

[Muhendis]

From the looks of things it seems a bad idea for all forms of government to get involved in energy production.

 

https://news.sky.com/story/stricken-council-backed-solar-farms-giant-to-shine-light-on-auction-12772777

 

So if anyone has a few million £ you might like to buy a ready made going concern with thousands of solar panels etc.

[AgMech Cowboy]

I'm not surprised. Thanks for the link.

[radiochaser]

"Thurrock Council is likely to recover a significant chunk of that money through the impending solar farm disposals, according to industry sources."

Or not.

Seems this might be like the solar company that the U.S. Government, under Pres obama, invested $700,000,000.00 into that went bankrupt (if I recall corretly)!

https://www.thebureauinvestigates.com/stories/2022-07-15/his-companies-made-a-deal-for-138m-of-taxpayers-money.-where-has-it-gone

[Muhendis]

5 hours ago, radiochaser said:

"Thurrock Council is likely to recover a significant chunk of that money through the impending solar farm disposals, according to industry sources."

Or not.

Seems this might be like the solar company that the U.S. Government, under Pres obama, invested $700,000,000.00 into that went bankrupt (if I recall corretly)!

https://www.thebureauinvestigates.com/stories/2022-07-15/his-companies-made-a-deal-for-138m-of-taxpayers-money.-where-has-it-gone

That link is a very interesting and revealing read. 

 

It seems that rather than plod along making money from selling electricity, one would be better off selling the company that makes the power.

I was under the impression that it is illegal for UK government bodies to "invest" public money because of the risk factor.

[radiochaser]

On 12/22/2022 at 6:27 PM, Muhendis said:

That link is a very interesting and revealing read. 

 

It seems that rather than plod along making money from selling electricity, one would be better off selling the company that makes the power.

I was under the impression that it is illegal for UK government bodies to "invest" public money because of the risk factor.

I would not know about UK government bodies investing public money.

I live in one of the colonies.