Posted by: Grant | November 17, 2011

Spain – Obama’s Shining Light, Fades

“On at least eight occasions, President Obama has stated we should follow Spain’s example, massively subsidizing wind, solar, and other expensive types of electricity production…. “

Spain’s new government could axe power subsidies
Tue, Nov 15 2011

” …MADRID, Nov 15 (Reuters) – Spain’s likely new centre-right government plans a major overhaul of the energy sector, possibly axing subsidies for wind and solar power as the euro zone debt crisis makes funding very costly.

The centre-right People’s Party is expected to win a Nov. 20 election by a wide margin and gain control of the lower house. Party leader Mariano Rajoy has repeatedly signalled he will reform the energy sector, without giving details…. “


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