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Solar Subsidies in Spain May Be Capped at One-Third Current Levels

photo by laurenatclemson via flickr
Rising oil prices may be making wind power cost-competitive in Spain, but the key to Spain’s rapidly growing solar industry has been generous government subsidies creating market stability. Although nothing is definite yet, simply the mention of reducing the level at which subsidies are capped has created waves in the Iberian solar industry.
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