Monday, June 22, 2009

Solar: Spain reins in renewable energy expansion

From PV-Tech:
The Spanish government has decided to cap the amount of thermosolar and photovoltaic plants allowed in the country to reduce the price load on ratepayers and taxpayers. Before August, a Royal Decree will go to Spain’s energy regulators to enforce this measure as the head of renewables for Spain’s Industry Ministry Santiago Caravantes reported.

The Spanish government promotes clean fuels by letting generators charge as much as 10 times more for renewable energy. This price hike, in combination with guaranteed returns for 25 years, attracted €20 billion of investment to solar power....MORE