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.
