Investors may walk after Spains Solar Cut

Solas Power has noted that the Spanish Governent has again placed their financial future in jeopardy by cutting Solar FIT subsidies. In an article in the Financial Times recently it detailed the Spanish position. This again demonstrates Solas Power's choice of Germany and Italy and why we have always stayed away from the Spanish solar market.

For a full account of the article see the linkbelow "...pre-agreed “trade-in tariffs” for the country’s solar-photovoltaic energy producers by 30 per cent, or €3bn...years. Although many other countries have cut subsidies for new solar energy developments, Spain is the first to do so for existing... "

http://www.ft.com/cms/s/0/a2982e50-1a95-11e0-b100-00144feab49a.html