[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

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.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: