Tuesday, July 16, 2013

Requiem For Spanish Wind?

Requiem?
Maybe after appreciating some silence.

Requiem For Spanish Wind? - Forbes:
The pain in Spain cannot be sustained. That’s the conclusion of the  Spanish government, which is slashing its subsidies for wind power and other renewable energy as part of a deficit-fighting move. Spain is the latest European country to cut subsidies for clean energy — following similar moves in the U.K., Germany and Italy — because they’re driving up costs for consumers.
Power companies decried the elimination of the subsidies, which will cost them an estimated $3.5 billion. The government will absorb another $1.2 billion or so.
It’s a sad end for a program once heralded as a model by the Obama administration for its own renewables initiative. Yet it’s also not a surprising one. Despite its promise, wind energy has struggled to overcome economic barriers. Without government subsidies, it simply isn’t a viable business.
The entire article may be read at Forbes:
Article any source

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