(ENVIRO) Is The Sun Setting On The Solar Energy Boom?

"Israel's solar energy industry faces ruin.

Given the amount of sunshine this country gets, it was not surprising that when the government decided that 10 percent of electricity must come from renewable resources by 2020, solar power became the main method to achieve that goal.

However, solar power is not competitively priced when compared to fossil fuels, especially coal. So, like most other countries, to get the solar industry off the ground the government began to subsidize it in the form of feed-in tariffs. For every kilowatt hour produced from photovoltaic (PV) panels, the government would pay between NIS 1.50 and NIS 2. That’s three to four times what customers pay for electricity now – from nonrenewable fossil fuel sources."