The Spanish government has slashed its solar power subsidies
Spain had one of the world's most ambitious – and generous – plans to boost the amount of electricity it generates from the sun. That dream, for the solar industry at least, has turned sour. Just days before Christmas, the government slashed the level of subsidies that all new and existing photovoltaic (pv) solar projects will receive. But even the powerful utility companies, who opposed the solar industry, are now warning that the fallout could be long-lasting and reach far beyond the energy sector.
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