Saturday, December 8, 2012

Spain Reportedly To Cut Solar Subsidy 30% For Existing Plants

Spain is proposing to cut the subsidies it pays solar plants by 30% for existing plants, 45% for future ground-mounted units, 25% for large future roof-mounted sites and 5% for smaller roofs, according to various wire service reports, citing comments from industry lobbyists.

Reuters notes that Tomas Diaz, a spokesman for the Spanish solar lobby ASIF, said that the proposal would “destroy the government’s renewables-friendly policy and kill us all off.”

The government wants to close the big gap between the real cost of producing power and the subsidized price consumers pay for it.

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