"Spain 30% Subsidy Cuts for Existing Solar Plants" and Cowen's Stone Comments (FSLR)

UPDATE: "Spain Will Back Down on Solar Cuts, Fotowatio Says" (FSLR)"
Original post:
FSLR is up another $2.22 at $119.49.
First up, Reuters Africa:

* Lobby says Spain wants 30 pct cut for operating plants
* Wants to cut subsidies for future plants by 25-45 pct
* Industry lobby says cuts would mortally wound sector

(Adds detail on timings of cuts, further comment)
By Jonathan Gleave
MADRID, June 16 (Reuters) - The Spanish government is proposing sharp cuts in subsidies for solar plants, which could hurt both domestic and international solar companies operating in the country, industry lobbyists said on Wednesday.

Spain wants to cut existing solar panel plants' subsidies by 30 percent and future ones by 45 percent for big floor-mounted units and 25 percent for smaller roof mounted ones, Spanish solar power lobby ASIF spokesman Tomas Diaz said.

"This (proposal) would destroy the government's renewables-friendly policy and kill us all off," Diaz said after solar lobby groups met with Spain's Secretary of State for Energy Pedro Marin.
"We don't think the sector can survive if it accepts these proposals," Diaz said....MORE

From SmallCapPulse:

Stone Says Reaction to Spain’s Solar Subsidy Cut is Overdone

 Cowen’s Rob Stone weighed in on pending cuts to Spanish solar subsidies, and the negative reaction from the Street to the perceived impact on solar companies’ performance. Stone says this is all ‘much ado about nothing.’ 

 

Key Takeaways

·          “Spain has not been a factor for global installation growth since 2008, and our sources tell us that projects in Spain have been at a standstill since the notion of retroactive FIT cuts was floated by the government earlier this year.”

...MORE

Finally, Bloomberg is reporting a proposal to cut subsidies for future plants by 45%:
Spain May Cut Income 30% for Operating Solar Plants (Update1)

Here are the first 13 of the world's fifty largest photovoltaic solar power plants, from PVResources:

Power	Location	Description	Constructed	MWh/GHG	Picture
60 MW	Spain, Olmedilla (Castilla-La Mancha) Picture courtesy: Suravia S.A., fotografia aerea	Parque Fotovoltaico Olmedilla de Alarcón GM	2008	85 GWh
54 MW	Germany, Straßkirchen Picture courtesy: Q-Cells International	Solarpark Straßkirchen GM	Q-Cells International 2009	57 GWh
53 MW	Germany, Turnow-Preilack Picture courtesy: juwi	Solarpark Lieberose GM	juwi 2009
50 MW	Spain, Puertollano (Castila-La Mancha) Picture courtesy: SkyFotoFactory fotografia aerea	Parque Fotovoltaico Puertollano GM	2008
46 MW	Portugal, Moura (Alentejo) Picture courtesy: ACCIONA Energia	Moura photovoltaic power plant GM, TRAC	ACCIONA Energia 2008
45 MW	Germany, Köthen	Solarpark Köthen GM	RGE Energy 2010 to be completed soon
42 MW	Germany, Finsterwalde Picture courtesy: Q-Cells International	Solarpark Finsterwalde GM	Q-Cells International 2009
40 MW	Germany, Brandis Picture courtesy: juwi	Solarpark Waldpolenz GM	juwi 2007 2008
34.5 MW	Spain, Trujillo (Cáceres) Picture courtesy: Suravia S.A., fotografia aerea	Planta Solar La Magascona & La Magasquila GM, TRAC	2008
34 MW	Spain, Arnedo (La Rioja) Picture courtesy: SkyFotoFactory fotografia aerea	Planta Solar Arnedo GM	T-Solar 2008
31.8 MW	Spain, Dulcinea (Cuenca)	Planta Solar Dulcinea GM	2009
30 MW	Spain, Merida (Extremadura) Picture courtesy: Suravia S.A., fotografia aerea	Parque Solar "SPEX" Merida/Don Alvaro GM, TRAC	Deutsche Bank AG ecoEnergías del Guadiana Solarparc AG SolarWorld AG September 2008
26 MW	Spain, Fuente Álamo (Murcia) Picture courtesy: Suravia S.A., fotografia aerea	Planta solar Fuente Álamo GM	2008	44 GW