Spanish wind power companies distressed by subsidy cuts
The Asociacion Empresarial Eolica (Wind Energy Association) states that if the subsidies were cut, the net result would be a halt in investment and a sharp brake on the new capacity as mapped out in official plans.
October 20, 2011
by Charles Kennedy
in Oil Price
Spain's Industry Ministry has upset the country's burgeoning wind power sector by announcing that it intends to slash subsidies by 40 percent.
Wind power companies accuse the Ministry of Industry of crippling the sector and putting 15,000 jobs at risk.
While wind turbines operating in Spain are subject to seasonal variations, this year Spain's total electricity generated by wind power was more than 42,702 gigawatt hours. Spain's largest wind power producers are Gamesa, Vestas, Alston Wind and GE Wind.
Wind power companies note that the increasing use of large wind turbines of 2 megawatts of nominal power,... [continue via Web link]