Spain Ejects Clean-Power Industry With Europe Precedent: Energy

Spain Ejects Clean-Power Industry With Europe Precedent: Energy - Bloomberg:

"Solar energy was the biggest drag on the system, accounting for almost half of the annual 6 billion euros of liabilities and producing just above 2 percent of the power, said Eduardo Tabbush, an analyst in London at Bloomberg New Energy Finance.
With peak electricity demand at less than half of capacity, the country doesn’t need more power plants, he said. Spain has a capacity of 99 gigawatts, and peak demand of 44 gigawatts.
Spain’s power-system debt swelled to 23 billion euros as successive governments set electricity prices for consumers that didn’t cover the revenue utilities booked. Even with January’s moratorium, the electricity system racked up another 762 million euros of debt in the first two months of the year, according to the energy regulator."