Monday, February 10, 2014

Subsidies that drove Renewables' reign in Spain cannot be sustained

I'll believe it when it's done (not when it's put forward for consultation), but clearly Spain continues to try to unwind from it's painful power position.

Spain plans end to all pre-2004 subsidies | Windpower Monthly:

SPAIN: The Spanish government said it plans to end all price subsidies for wind capacity online before end-2004, while slashing remuneration for younger capacity.

The full 1,700-page regulation, a summary of its long-awaited renewables regulation, was sent to regulator CNMC for a 20-day consultation period. It has not yet been made public.

The summary alone, nonetheless, discloses an act of institutional "retroactive looting", Spanish wind association AEE told Windpower Monthly.

Investors behind all of Spain's 22.6GW of online wind capacity were drawn by the state's promise of maintaining feed-in tariffs for 20 years.
Conitnue reading at Windpower Monthly:

I particularly enjoy the comment beginning: "What a shame that you people use a pro wind farm site for your anti nimby discussions."

1 comment:

  1. I'll bite my tongue and focus on the positive points. There are a few really good entries that have the potential to put at least some power back into the hands of consumers. Hopefully the 7 users (the judges) will recognize the quality and integrity of the submissions. There's a chance this initiative unlocks some value from the MDMR that we've all paid for. Imagine Nest + smart meter data + realtime monitoring...yes please!