MADRID, Sept 23(Reuters) - Spain has decided to ease proposed dramatic cuts in agenerous subsidy scheme to solar power producers in one of the world's hottest markets, Energy Secretary Pedro Marin said on Tuesday.
Marin told reporters that the proposed limit on new solar power panels entitled to subsidies in 2009 will be 500 megawatts, which compares to an earlier draft proposal to set the cap at 300 MW.
'We have approved an additional 200 MW for ground based installations to soften the change,' Marin said.
The government's proposed cap on what has been lucrative state aid for solar energy firms would still be less than half this year's cap of1,200 MW.
Solar energy association ASIF has said that the 500 MW cap proposed will only subsidize projects already in development, but not encourage any new solar power installations in 2009.
(Reporting by Martin Roberts, writing by Sarah Morris) Keywords: SPAIN SOLAR/
link: http://www.forbes.com/afxnewslim ... /23/afx5458917.html
comment: For the solar companies who are already in Spanish market, this is the good news.
among all of them,
Related Stocks: Applied Materials Inc. (Nasdaq: AMAT), Energy Conversion Devices, Inc. (Nasdaq: ENER), First Solar, Inc. (Nasdaq: FSLR), Hoku Scientific, Inc. (Nasdaq: HOKU), SunPower Corporation (Nasdaq: SPWR), MEMC Electronic Materials Inc. (NYSE: WFR), Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
Based on stock price values and a bunch of short term signals, I will add AMAT & YGE soon to my portfolio. My Desired price : AMAT-> below 14.8, YGE-> below 11.5 for 2-months goals, AMAT -> 18, YGE -> 13.8
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment