Biden’s $1.4bn subsidy bonanza lures European solar giant to Colorado as German plan iced. Swiss solar cell and module manufacturer Meyer Burger has halted an expansion of a German factory and will instead build a new plant in the US, saying it is in line to collect $1.4bn in subsidies (IRA)
by Available_Hamster_44
4 comments
With friends like these…
They could have gone to Canada, but that’s a shithole.
Enel is also planning to open a factory in US.
Even in a free market, higher energy prices will make it harder to maintain the same rate of profit here as elsewhere.
When you add these massive subsidies, I don’t blame the companies for moving.