Spain Considers Financial Support for Solar Industry Amid Oversupply Crisis
By
Daniel Basteiro
Summary
The Spanish government is considering financial support for its domestic solar power industry, which is facing challenges from oversupply and negative wholesale electricity prices. Private sector groups have approached the government, which has begun reviewing the industry's state but has not yet decided on action. The government believes demand will likely increase in the mid-term, potentially stabilizing the industry.
Source
bskySpain Considers Financial Support for Solar Industry Amid Oversupply Crisisbloom.bgKey quotes
· 3 pulledThe Spanish government is weighing whether to offer financial support to a domestic solar industry that's grappling with oversupply and negative wholesale power prices.
The government has started reviewing the state of the industry after being approached by private sector groups, but has yet to decide whether it will act or not.
The government is of the view that demand is likely to rise in the mid-term and bolster the industry.
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