Spain suspends clean power incentive program to rein in costs
Spain once symbolized a great solar boom – and then bust – as its government lowered incentives for clean power to try to rein in a fast installation rate that was way higher than anticipated. The repercussions of that boom have continued, however, and on Friday, the government announced a complete suspension of the incentive program to cut costs. The announcement covers incentives for all sorts of renewable energy projects, including wind and solar power, reported Bloomberg. It will affect new …
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