Quote:
Originally Posted by ecomodded
Spain at a standstill : Spain at a standstill | Windpower Monthly
SPAIN: New legislation has left one of wind power's biggest and most successful markets in a state of complete paralysis, with some Spanish developers seriously considering dismantling their projects and selling the turbines on the second-hand market.
On 9 June the Spanish government rubberstamped its austere and retroactive regulation, slashing income for all existing renewables technologies and ending support mechanisms for new capacity. As a result, the national wind-power market entered a stage of full paralysis, according to practically all speakers at Spanish wind energy association AEE's annual convention, held the following day in Madrid. |
All signs are that the technology is viable. The problem is that just like the US has done, Europe is allowing financial institutions to dictate economic policy.
What you are seeing is what happens when you let the IMF and World Bank lend a helping hand.
This is how the 1% (or more correctly, the 0.1 %) feeds off of the planet.
Countries are slowly wising up. Iceland, Brazil, Argentina are refusing the assistance of the IMF and the World Bank, and they are beginning to bloom.
It looks like Greece is going that way, too.
-AC