As Europe Slashes Subsidies, Renewable Energy Developers Move Into New Markets

Spain’s moratorium on new green tech subsidies and the prospect that other budget-stressed European governments will slash incentives for solar and wind projects have roiled a once-rich market for renewable energy companies but will have little impact globally as developers move into Asia, Latin America and South Africa, according to analysts and executives.

“The Spanish market was already essentially dead for solar,” says Shayle Kann, vice president for research for GTM Research  in Boston, noting that previous cuts to generous incentives in 2009 had already sent Spanish developers into a tailspin and accelerated their move into international markets… Read more

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