Spain To Cut Photovoltaic Solar-Energy Subsidies
The Spanish government has decided to lower subsidies on existing photovoltaic solar-energy plants by 30% (...) The Industry Ministry plans to limit the production hours it subsidizes, so that when plants surpass this limit they will be remunerated at market rates (...) The government estimates the cut will save it EUR840 million.
For new photovoltaic solar plants, the government will cut subsidies by 45% for open-field units and by 25% for rooftop units.