Spanish government cuts renewable energy firm subsidies


3 Dec 2010

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

The Spanish government has approved cuts to subsidies paid to solar thermal power plants and certain wind farms in an effort to reduce the costs of electricity for homes and businesses.

The cuts, announced today by the government, will total 35pc between now and 2012, according to an article posted on Bloomberg.

The government estimates that the subsidies will save €1.1bn by 2013 and will see the renewable energy providers facing limits on the number of hours they can earn subsidised rates.

66

DAYS

4

HOURS

26

MINUTES

Buy your tickets now!