Known for its bull fights and flamenco dancing, Spain has also been receiving notoriety lately for its push to become a leader in renewable energy use. In fact, because of generous government subsidies, Spain now has some 50,000 units of solar panels generating 3,500 megawatts of electricity. Sounds good, right? Well actually, because of budget problems Spain has had to stop doling out subsidies — an action which has cost Spaniards some 30,000 jobs. And to make matters worse, the solar panels, many of which were made in China, are now starting to fail miserably likely forcing a third of them to be trashed. On the bright side, however, the Spanish recycling industry says it’s poised for robust growth.
February 21, 2011 by CFACT,
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