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Consultancy firms hired to axe profits  

Credit:  16 September 2013 by Mike McGovern | Windpower Monthly | www.windpowermonthly.com ~~

The Spanish government has contracted consultancy firms Boston and Roland Berger to advise on the new pay mechanism for wind power generation, according to Spanish press reports today, stirring further discontent across the sector.

Neither consultancy confirmed, citing confidentiality while government offices did not respond to enquiries. The Spanish wind association, AEE, had not received confirmation of the contracts either, though members claim to have done so.

The government issued an invitation to seven consultancies on 23 July to analyse the real costs for each renewables technology under a series of different hypothetical market scenarios.

That call followed the 14 July announcement of a new law ending renewables feed-in tariffs for mainland Spain.

The law marked, instead, a 7.5% pre-tax profitability target across the life cycle of all existing wind capacity, retrospectively applied and in accordance with a thorough evaluation of each renewable technology’s total costs.

AEE has complained the law will not only kill off new projects but will also cause existing operators—with profits previously in double digit figures—to default on finance.

Association members have confided the appointed consultants are the same companies that advised the government on its 2011 cuts to renewables targets.

Source:  16 September 2013 by Mike McGovern | Windpower Monthly | www.windpowermonthly.com

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 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 to query/wind-watch.org.

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