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Jul
9
2010
The Spanish plan centres on giving preferential access to the wholesale electricity market for power plants that run on domestic coal, and was announced by the government in February, after months of behind-the-scenes tussling with Brussels.
At the same time, the Spanish government wants to retroactively cut previously agreed tariffs for its €20bn photovoltaic solar energy sector by 30 per cent. As FTfm reports, such a move could be devastating for investors in highly-leveraged solar photovoltaic projects.
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