No surprises here...solar comes out looking like a poor investment compared to wind. But even I was surpised at how striking the comparison is. No wonder the Germans are "adjusting" their subsidy dollars away from solar starting in 2009.
| Wind | Solar | |
Billion Euros paid (feed in tariff) | €2.7 | €1.2 |
GwH electricity produced | 30,710 | 2,220 |
CO2 Million MT prevented | 26.5 | 1.5 |
Euros needed to save one tonne of CO2 (adjusted*) | €22 | €600 |
*For the adjusted figure we "credit" back to the subsidy a base rate for wholesale electricity of .07 Euros per KwH, and retail electricity of .15 Euros per KwH.
