Just as things were really heating up in the solar energy sector, the U.S. Bureau of Land Management (BLM) pulled the plug on new solar power plants. Last week the New York Times reported that “the federal government has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years.” Headlines like world’s largest solar array in California or world’s largest solar power plant in the Mojave desert promised to be few and far between as the BLM decided to take its time to assess the more than 130 proposals filed by solar companies in the past three years. Just days later, after an uproar of voiced concern, the moratorium was reversed. Not fast enough to avoid drops in stocks, but quick enough to avoid fatally derailing the renewable energy sector off the tracks.
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