To kill a promising new industry, just subsidise it

Three years ago, bosses at US company First Solar boasted that their thin film photovoltaic panel factory near Frankfurt am Oder in Germany was the world's most efficient.

With production costs of just 81 US cents for each watt of generating capacity, they claimed they could outcompete any other solar panel company in the world, including manufacturers from China.

Since then First Solar says it has extended its lead as the world's most efficient producer of solar panels, cutting its manufacturing costs to just 68 US cents per watt.

via Business feed http://www.scmp.com/business/article/1233984/kill-promising-new-industry-just-subsidise-it