Tuesday, September 05, 2006

Spain ends support of wind power

Abstract of article (available only in print) in the September Windpower Monthly:

Twin pillars of Spanish wind market axed -- decree removes wind subsidy and price guarantee

The legal basis of the production incentives driving Spain's wind market is now time bombed to disappear in the new year thanks to a new energy law, put together behind the industry's back and passed by government emergency decree. The law will remove the twin pillars supporting the market—a production incentive payment and the safety net of a guaranteed minimum purchase price. Confidence in the Spanish wind market, one of the world's top three, is "shattered" says an industry spokesman. "Projects that should have closed in the past few weeks have been paralysed and others annulled."

Emergency decree -- looks like the government is seeing wind power for the fiasco it is.

wind power, wind energy