Tuesday, July 1, 2008

Spain May Cut Solar-Energy Payment as Much as 35%, Cinco Says

On Saturday we had a whiff of this via Barrons "Solar: Spain May Cut Incentive Program, Lehman Says". Today Bloomberg is reporting:
Spain's industry ministry proposed reducing the electricity rate paid to photovoltaic installations by as much as 35 percent, Cinco Dias newspaper reported.

The ministry also is considering basing prices according to whether the photovoltaic solar panels are placed on the ground or on roofs, rather than by the amount of their power capacity, the newspaper said. It cited minutes of a meeting the Photovoltaic Energy Industry Association had with Pedro Marin, the energy secretary....MORE