28 Jun '12, 7am

Solar Power is Alive and Kicking in Spain, but Flawed Electric Power Act Needs Correcting

Spain still relies on volatile, increasingly expensive and polluting fossil fuels for around 80% of its power needs, the overwhelming majority imported. Moreover, the FiT for solar and renewable energy has not contributed significantly to Spain’s so-called “Tariff Deficit” and debt problems. If anything, it’s been a flaw in Spain’s Electric Power Act that allows nuclear and hydro power providers to charge rates indexed to the rising costs of fossil fuels that have added to Spain’s fiscal shortfalls, according to Benjumea.

Full article: http://cleantechnica.com/2012/06/28/solar-power-alive-kic...

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