”What is today an energy problem could become a financialproblem,” industry minister Jose Manuel Soria said in Madrid.
The government passed a decree stopping subsidies for newwind, solar, co-generation or waste incineration plants.
The
Spain halts renewable subsidies
Spain halted subsidies for renewable energy projects to help curb its budget deficit and rein in power-system borrowings backed by the state that reached 24 billion euros at the end of 2011, Bloomberg News reported.
