While the demand for
power in Spain has plummeted nearly 6 percent since 2007 because of the slide
in economic activity, the share of mandated renewable output has increased.
By ANDRÉS CALA
October 9, 2013
MADRID — Years of disastrous
policies, coupled with the economic crisis, have recast renewable energy in
Spain. Once touted as the embodiment of progress, wealth and sustainability,
the industry is now seen as an unwanted and costly extravagance.
The policy turnaround
started in 2010 but picked up momentum with a government decree in July aimed
at closing a widening gap between the cost of electricity generation and what
consumers pay — known as the tariff deficit.
The decree’s impact has all
but erased public support for renewable power, raising alarms in the industry
inside and outside Spain.
“We’ve gone from misery to
ruin,” said Jaume Margarit, director of the Association of Renewable Energy
Producers.
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