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Spain to shed 2/3 of wind power jobs by end 2010-Industry Group

Spain's wind power industry will have shed two thirds of its jobs by year-end compared with the end of 2008 as a consequence of a regulatory uncertainty ...Spain's government ...established stringent quality prerequisites for new wind parks in order to slow the uncontrolled growth of wind power.

MADRID -- Spain's wind power industry will have shed two thirds of its jobs by year-end compared with the end of 2008 as a consequence of a regulatory uncertainty, the country's wind power association AEE said Tuesday.

In a joint press conference with union representatives, AEE said it estimates jobs in the sector will fall to about 15,000 at the end of 2010, from 45,000 two years earlier.

Spain's government in May 2009 introduced a government-controlled registry of new wind farms that established stringent quality prerequisites for new wind parks in order to slow the uncontrolled growth of wind power.

The regulatory change paralyzed the activities of turbine manufacturers for months.

"We need a new, clear regulation as soon as possible," said AEE head Jose Donoso, who is also development director at turbine maker Gamesa Corporacion Tecnologica SA (GAM.MC).

He added that the sector currently is seen as high risk for investors.

Gamesa shares fell 0.4% to EUR9.32 at 1457 GMT Tuesday, while Madrid's IBEX-35 stocks index was up 0.19%.

MADRID -- Spain's wind power industry will have shed two thirds of its jobs by year-end compared with the end of 2008 as a consequence of a regulatory uncertainty, the country's wind power association AEE said Tuesday.

In a joint press conference with union representatives, AEE said it estimates jobs in the sector will fall to about 15,000 at the end of 2010, from 45,000 two years earlier.

Spain's government in May 2009 introduced a government-controlled registry of new wind farms that established stringent quality prerequisites for new wind parks in order to slow the uncontrolled growth of wind power.

The regulatory change paralyzed the activities of turbine manufacturers for months.

"We need a new, clear regulation as soon as possible," said AEE head Jose Donoso, who is also development director at turbine maker Gamesa Corporacion Tecnologica SA (GAM.MC).

He added that the sector currently is seen as high risk for investors.

Gamesa shares fell 0.4% to EUR9.32 at 1457 GMT Tuesday, while Madrid's IBEX-35 stocks index was up 0.19%.


Source: http://www.smartmoney.com/n...

MAR 18 2010
http://www.windaction.org/posts/25220-spain-to-shed-2-3-of-wind-power-jobs-by-end-2010-industry-group
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