News

Solar Stocks Extend Sell Off on Concerns Over Spain

Published on July 2, 2008
by Eric Savitz

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.

Read the rest of this post

Return to: Solar Stocks Extend Sell Off on Concerns Over Spain

URL: http://allthingsd.com/20080702/solar-stocks-extend-sell-off-on-concerns-over-spain/