Renewables subsidies cut off

摘要

In a ruthless domestic policy move, the new Spanish government has slashed all subsidies for renewable energy at a stroke, risking the collapse of the domestic industry. This took us by surprise," says Mischa Bechberger. The International Affairs Manager of the renewable energy association APPA, based in Barcelona, seems completely baffled. "It's a nightmare for small- and medium-sized companies," he says. In light of the Spanish budgetary situation, "it was clear that they weren't going to tread lightly," says Bechberger of the conservative People's Party (PP) government, which has been in office since November 2011.