NewEnergyNews: NEW ENERGY INVESTORS TO SUE SPAIN

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: How utility-solar collaborations are helping solar grow
  • ORIGINAL REPORTING: GE’s digital power plant
  • ORIGINAL REPORTING: The now and future impacts of energy storage
  • THE DAY BEFORE

  • TODAY’S STUDY: New Energy Now
  • QUICK NEWS, July 26: How Smart Buildings Can Use New Energy; U.S. Ocean Wind Industry About To Be Born; Idaho Farmers Sow Solar, Reap Rewards
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: How Utility Rates Can Let New Energy Make The Grid Stronger
  • QUICK NEWS, July 25: The Solar Numbers; Target Targets Wind; Wave Energy Gets Lloyd’s Approval For First Time
  • THE DAY BEFORE THAT

  • Weekend Video: It’s Time To Choose
  • Weekend Video: Solutions From Our Millennials
  • Weekend Video: Coal In The Water, Clean In The Wind
  • AND THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-Save $2 Trillion – Stop Climate Change
  • FRIDAY WORLD HEADLINE-Germany Hits World Solar-Plus-Storage High
  • FRIDAY WORLD HEADLINE-Aussie Media Gets Facts Way Wrong On Wind
  • FRIDAY WORLD HEADLINE-Dubai To Study Geothermal, Ocean Energy Potential
  • THE LAST DAY UP HERE

    fTHINGS-TO-THINK-ABOUT THURSDAY, July 21:

  • TTTA Thursday-The Climate Change Secret In The Great Trees
  • TTTA Thursday-Solar Makes A Home’s Value Grow
  • TTTA Thursday-Wind In The Stock Market
  • TTTA Thursday-Doc Brown Lives! Flux Capacitor Is World’s Fastest Car
  • --------------------------

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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • THINGS-TO-THINK-ABOUT THURSDAY, July 28:

  • Those Concerned About Climate Change Are “Brainwashed” – Repub Leader
  • Bernie Makes The Case For Hillary On Climate Change
  • President Obama Ups Spending On Solar-For-All
  • New Economics To Spur EV Growth

    Friday, February 22, 2013

    NEW ENERGY INVESTORS TO SUE SPAIN

    Exclusive: Foreign investors set to sue Spain over energy reform

    February 14, 2013 (Reuters)

    “Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts…It is unclear how much claims might be worth, but international funds have more than 13 billion euros ($17 billion) of renewable energy assets in Spain and say that the government has reneged on the terms of their investment.

    “The Spanish Parliament [just] approved a law…[cutting] subsidies for alternative energy technologies, backtracking on its push for green power…That measure, along with other recent laws including a tax on power generation that hit green energy investments especially hard, will virtually wipe out profits for photovoltaic, solar thermal and wind plants, sector lobbyists say.”

    “International commercial law firm Allen & Overy…[represents] investors [from the United States, Japan and the United Arab Emirates who poured money into Spanish wind and solar projects, drawn to generous subsidies during a decade-long economic boom that helped the country to become one of the biggest markets for investments in green energy. But the cost of the subsidies were not passed on fully to consumers because that would have pushed prices to unprecedented highs]…

    “…[The claims are being made] under the…Energy Charter, an internationally ratified treaty that binds members to rules on energy and arbitration. [Spanish companies such as Acciona and Abengoa have also been hit hard by the new rules, but because it is passed as a decree by the government, Spain-based companies have virtually no form of appeal and will not join the claims…Spain's Industry Minister Jose Manuel Soria defended the law in Parliament…[by saying] the measures were necessary to eliminate the accumulated 28 billion euro ($37.4 billion) tariff deficit in the electricity system…That deficit, built up through years of the government holding down electricity prices at a level that would not cover regulated costs including renewables premiums, is at the heart of Spain's energy sector woes…”

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