A Ray of Sunshine.

Spain’s Solar Pullback Threatens Pocketbooks

ÁGUILAS, Spain — Six years ago, Justo Cruz Rodríguez, who runs a small business here designing signs, was looking for a way to generate a steady, if modest, pension for himself and his father.

So when the government passed a law offering attractive rates for solar energy — and guaranteed them for the next 25 years — he mortgaged his house, his father’s house and even his workshop to install half a dozen rows of solar panels in his father’s garden, with the idea of selling his excess electricity.

“It seemed so safe,” he said recently. “It was a government guarantee.”

But the Spanish government has changed its mind. It plans to pay less, a lot less. Under legislation that goes into effect this year, it will drop its per-kilowatt-hour payment system altogether and effectively impose retroactive cuts in payments. It also plans to make solar power producers pay a charge on electricity they generate and use themselves, a measure that angry protesters have named the “sun tax.”

Spain has good reason for wanting to take action. It is facing a growing deficit — about $40 billion now — because it has never passed on the true cost of producing energy to its consumers, a problem that has ballooned with the economic crisis. If it does not do something, that deficit will only grow, experts say.

Spain, land of sunshine.  Re-write of an old jingle,” If you can’t make it with sunshine here, you can’t make it anyw-h-e-r-e!!”    The stunner is, this story was published in the NYT!!!

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About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. Tea Party supporter. Do like to kayak, cook, take photos, bike, watch old movies and read.
This entry was posted in All the News not fit to print., Global Warming Hoax, When Progressives Attack. Bookmark the permalink.

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