Am I the only one smelling "bail out"?
Solar and wind have been widely implemented in Europe. And Spain is very big. They sell power to Germany. From wiki:
"Subsidy reductions[edit]
In the wake of the 2008 financial crisis, the
Spanish government drastically cut its subsidies for solar power and capped future increases in capacity at 500 MW per year, with effects upon the industry worldwide. "The solar industry in 2009 has been undermined by [a] collapse in demand due to the decision by Spain", according to Henning Wicht, a solar-power analyst.[2] In 2010, the Spanish government went further,
retroactively cutting subsidies for existing solar projects, aiming to save several billion euro it owed.[5][20] According to the Photovoltaic Industry Association, several hundred photovoltaic plant operators may face bankruptcy.[21] Phil Dominy of Ernst & Young, comparing the feed-in tariff reductions in Germany and Italy, said; "
Spain stands out as an example of how not to do it".[22] As a result, a Spanish association of solar power producers has announced its intention to go to court over the government's plans to cap solar subsidies. In 2014 alternative energy group NextEra filed a complaint against Spain at the International Centre for Settlement of Investment Disputes.[23]'
