Seventeen years ago, Spain’s socialist government decided to inject subsidies into renewable energy.
As a result, thousands of Spanish families massively invested in photovoltaic energy. But, as you’ll see in our report, the dream rapidly turned into a nightmare.
h/t Rúnar O.
via YouTube
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All governments are unreliable. There is always a risk that they change their minds so depending on an arrangement/promise for 15+ years is risky.
I am Dutch and once I decided to use a company car since it was worthwhile. Next year they changed the tax rules and I had to pay a lot more tax and could not get rid of the car since the contract was for 3 years. So governments are unreliable; even if they do not intend it, they still are.
A fool and his money are soon parted they invested in Solar Power and they lost a bundle over it