Tuesday,
September 02, 2008
The
ANNOTICO Report
Reuters
By
Martin Roberts
Tuesday
September 2, 2008
VALENCIA,
Spain, Italy could be Europe
Ernesto
Macias, managing director of Spain
"I
personally think
"But
what we need is a plan to coordinate between the various countries, and we are
working with the (European) Commission on that," Macias added, on the
sidelines of a solar power conference in
But
the scheme has left the government with a multi-billion euro bill on top of the
ballooning costs of subsidising household electricity
bills, and the tariffs are due to end later this month.
Solar
power stocks globally have fallen on Spanish plans to cut back to 300 MW the
capacity of new solar power plants entitled to feed-in tariffs next year, which
will also be cut.
Macias
was less hopeful about growth prospects in
"There
is a lot of uncertainty in
COMPROMISE
STILL POSSIBLE IN
Regarding
However,
he still saw room for negotiation on the proposals.
"I
don
Macias
saw growth opportunities for solar panel makers in rural electrification
projects in lesser developed countries, a market he estimated at 300 MW
worldwide last year.
He
said the advantage of solar power was that avoided the need to build costly
power grids and had low maintenance costs.
"It
is also an energy that doesn
EPIA
and a number of European renewable energy companies and industry groups have
formed the "
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