Monday, June 28, 2010

Solar: "Spain Delays Decision on Solar Prices to Devise Energy Plan" (FSLR; STP; TSL)

Someone at Bloomberg is on top of the politics.
On June 16 Reuters reported "Spain 30% Subsidy Cuts for Existing Solar Plants" and Cowen's Stone Comments (FSLR)".
On the 17th Bloomberg/BusinessWeek came back with "Spain Will Back Down on Solar Cuts, Fotowatio Says" (FSLR).
Here's the latest, from Bloomberg:
The Spanish government postponed its plan to cut the price earned by renewable power plants after the main opposition party agreed to negotiate a broader accord on energy policy.

The government opted to delay the decision so subsidies for solar and wind energy can be included in talks aimed at securing an energy agreement with the People’s Party, an industry ministry spokesman said today in a telephone interview.

The negotiations will also address nuclear power and energy efficiency as well as introduce more market mechanisms into the power network, said the spokesman, who asked not to be named in line with local practice....MORE