Solar Stocks Extend Sell Off on Concerns Over Spain

July 2, 2008 at 12:13 pm PT

The sell-off in the solar sector continues today, due largely to ongoing concerns about a proposal for a sharp reduction in solar subsidies in Spain.

As I noted yesterday, the Spanish government is considering a proposal which would put a 300 MW cap on subsidized solar installations, with a reduction in the subsidy to 33 Euro cents per kilowatt-hour for roof-top installations, and 29 cents for ground-based systems. That would be down from about 45 cents now.

Several analysts weighed in on the issue this morning.

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Tagged with: Barrons, Eric Savitz, frontpage, solar power, Spain, subsidy, Tech Trader Daily

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