News Article
Spanish To Revise Subsidies
According to Dow Jones the Spanish are to announce reduction
A report from Dow Jones suggests there is to be a reduction for PV solar energy plants in Spain. With the country facing austerity measures the industry awaits to see which way the Spanish government fiscal decisions will have on the PV industry in an area that has provided strong growth for the global market. The report cites insiders close to the decision making process as saying the reductions could be as much as 30% for energy plants that are already in development. The cuts could be even harsher for new developments in the country. The Industry Ministry has said it will release its official plans on July 1st.
