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Black clouds hang over Spain's small solar farms

2013-06-20 17:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: After retiring from a long career at IBM, Spain's Angel Miralda poured his savings into a small solar farm in the hilly northern region of Huesca, encouraged by government promises of stable returns. Now Miralda fears a new government energy policy will deepen cuts to renewable energy subsidies, wipe out his savings and push his business over the brink. Small-scale photovoltaic (PV) energy producers like Miralda started investing in solar panels when the government was offering lucrative subsidies...

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