Obama has employed an aggressive renewable energy policy; his energy goals include becoming energy independent through the development of alternative energy.
On at least eight occasions, President Obama has stated we should follow Spain’s example, massively subsidizing wind, solar, and other expensive types of electricity production.
If Rumors blowing around Spain are true it is time for us to follow their example.
Word on the street is that a new package of reforms is being crafted by the Spanish Government and this would include Retroactive cuts to Renewable Subsidies.
Amid widespread rumours that the government is considering new cuts, Acciona’s chief corporate development and investor relations officer Juan Muro Lara admitted that there is currently “no visibility and no discussion” over support frameworks for renewables in Spain.
Sources:
RECHARGE ~ The Global Source for Renewable Energy news
IER Institute for Energy Research
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