Guido highlighted back in January that the government’s tapering of subsidies for renenwables could potentially see the death of subsidy junkies in five years. Solar looks to be the first to take the plunge…

The Guardian reports that the solar panels industry has collapsed in the wake of subsidy withdrawal. In fact, household solar power capacity installed in the past two months has undergone a 75% decrease, a lot more than was expected following the 65% cut in government incentives for householders to install panels. This is the renewable industry’s problem: It needs shed-loads of taxpayer cash to survive, and when the subsidies are taken away it goes to the wall…