You are here:www.orfonline.org » Energy News Monitor                                                                Welcome
Services
 
           
RENEWABLES / CLIMATE CHANGE TRENDS
 
Vol. VIII Issue. 51
Spain ejects clean-power industry with Europe precedent

05 June 2012

May 30, 2012. Spanish renewable-energy companies that once got Europe's biggest subsidies are deserting the nation after the government shut off aid, pushing project developers and equipment-makers to work abroad or perish. From wind-turbine maker Gamesa Corp. Tecnologica SA to solar park developer T-Solar Global SA, companies are locked out of their home market for new business. These are the same suppliers that spearheaded more than $69 billion of wind and solar projects since 2004 that supply more than 50 percent of Spain's power demand on the most breezy and sunny days.

      
 
 
© 2012 Observer Research Foundation. All Rights Reserved.