Concentrated Solar Power Investors in Spain Muy Agitado

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Here’s an article that tells a story that’s playing itself out all over the world – this time, in Spain: Fiery drama and fierce tensions caused by tightening budgets for energy.

Nowhere more than Spain, deficits need to be cut. Subsidies for renewables are on the chopping block. The renewable energy people suggest tapping the fully paid-off and enormously profitable nuclear and hydro utilities. The giants refuse. They want the subsidies for renewables pulled, and appear to have a new law in place that will make this happen, which would destroy the fledgling industry. But clean energy is fighting back; in particular, the CSP (Concentrated Solar Power) investors claim the law is discriminatory.

It’s down to the wire. Which way will this go? Apparently, to International Court of Arbitration.

About Author

Walter’s contributions to CleanTechies over the past 4 years have been instrumental in growing the publications social media channels via his ongoing editorial and data driven strategies. He is the founder and managing director of Sunflower Tax, a renewable energy tax and finance consultancy based in San Diego, California. Active in the San Diego clean technology community, participating in events sponsored by CleanTech San Diego, EcoTopics, and Cleantech Open San Diego, Walter has also been a presenter at numerous California Center for Sustainability (CCSE) programs. He currently serves as an adjunct professor at the University of San Diego School of Law where he teaches a course on energy taxation and policy.

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