Day by Day

Thursday, June 24, 2010

Spain’s vaunted green jobs vaporizing

And yet Obama wants us to follow them.

June 22 (Bloomberg) — Spanish factories making solar panels operated at 25 percent of capacity last year as domestic demand for solar generators evaporated, the Photovoltaic Industry Association said.

Three quarters of the panels produced in Spain were exported as installation of new photovoltaic plants in the country declined by 99 percent compared with 2008, the Madrid- based lobby group said in a press note today.

This sort of deflates Obama’s talk, looking to Spain as an inspiration for green jobs.

 
Brain Bliss