| Wind Watch is a registered educational charity, founded in 2005. |
Acciona threatens to withdraw wind generating investment in Spain
Translate: FROM English | TO English
Translate: FROM English | TO English
Acciona SA has threatened to withdraw its investment in Spain’s wind parks if the government continues with its plans to withdraw support for the industry, Expansion reported, citing general director Estaban Morras.
The constructor said it intends to invest some 7.4 bln eur in renewable energy projects to 2009, though Morras said that the money will be sent overseas if proposed regulation changes to both existing and new projects goes ahead.
Acciona originally planned to keep some 50 pct of the investment in Spain.
Morras accused the government of ‘changing the rules in the middle of the game,’ on the proposal.
‘We are ready to accept a 20 pct cut in incentives for new installations, but you can’t touch existing projects as this leads to a worrying situation of judicial instability,’ Morras said, according to Expansion.
AFX
15 March 2007
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=3533 ]
