Spain suspends subsidies for solar plants

Spain has suspended subsidies to 143 solar plants for failing to show they were operational before state support was slashed in 2008.
 
According to Reuters, that added to 808 plants provisionally suspended as part of a review of more than 9000 plants under way since last year in one of the world's major solar producers, the National Energy Commission (CNE) said in a statement.
 
The CNE said the 143 newly suspended plants generated 90 MW between them, which compares to about 4000 MW currently in service in Spain. Spain suddenly became the world's biggest solar power market in 2008 as investors rushed to cash in on subsidies before the government capped them on September 30 that year.
 
Aid may now be paid to just 500 MW a year of new solar PV plants down from about 2400 MW built in 2008.
 
Spain obtains about 2 per cent of its electricity from solar plants, which are mostly PV but also include concentrated solar power plants. The CNE recalled 840 plants already reviewed had waived a premium of EUR475($681) per MWh, payable above market rates, and accepted one of EUR326 per MWh.
 

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