“Too close to the Sun”
The spectacular boom and bust of Germany’s solar industry provides a cautionary tale for state intervention in the name of clean energy, according to an article in Handelsblatt Global Magazine. While ordinary German consumers have been forced to pay higher energy bills, a handful of individuals like SolarWorld founder Frank Asbeck made a fortune. “In a final insult to commercial sense, it's clear that China was the greatest beneficiary of the subsidies regime,” according to the article.
See the CLEW article Last major German solar cell maker surrenders to Chinese competition.