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Spain plans to cut subsidies for new wind farms, Cinco Dias says 

Credit:  By Todd White, Bloomberg, www.bloomberg.com 20 September 2011 ~~

Spain is planning to reduce subsidies for wind farms that begin producing electricity in 2013, Cinco Dias reported, citing unidentified people in the industry ministry that are working on a draft rule.

The new regulation would also reduce the number of hours a day and amount of years during which wind-driven generators could collect above-market rates, the Spanish newspaper reported.

Spain’s landmark renewable-energy law, 661/2007, only governs wind-power prices for new projects through the end of next year, and power companies are eager for new rules to be set by the Socialist party-led government before it faces general elections on Nov. 20, the report said.

Source:  By Todd White, Bloomberg, www.bloomberg.com 20 September 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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