2009-08-20
Spain's Solar Market Crash Offers a Cautionary Tale About Feed-In Tariffs. By Paul Voosen, Greenwire, August 18, 2009. "The Spanish government, eager to fulfill its commitments to renewable energy, guaranteed generous subsidies for any company that met its aggressive deadlines. While the ministry expected a steady stream of investment, it got a flood, accounting for more than 40% of the world's total solar installations last year. Forced to revise the subsidies -- known as feed-in tariffs -- that it used to spur photovoltaic power last fall, Spain became one of the principal causes of the downturn in the solar industry. And its faulty regulations have become a watchword for how government renewable-energy programs, poorly conceived, can go awry."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment