Spain’s Subsidy Cut sees Wind Industry Collapse: NO Capacity Installed Since 2014

Bullfighter

The first cut is the deepest…

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The Spanish wind industry faces its coup de grâce for the very same reason that the wind industry is on the ropes in the UK, Germany, the US, here and elsewhere: either the massive subsidies that have driven the greatest fraud of all time have actually been cut; or there’s the inevitable prospect that they will be, very soon.

In Spain’s case, its government worked out long-ago that pouring never ending €billions into a meaningless power source – that has no commercial value – was never going to end well, on any level – political, social or economic.

While the wind industry – wherever it plies its subsidy soaked trade – deludes itself that the principles of economics are suspended in relation to it, once the massive (and seemingly endless) subsidies go, so does the interest of power retailers, bankers and investors. Funny about that …

Spain Installed No Wind Power for First Time Since 80s in 2015
Bloomberg
Alex Morales
26 January 2016

Spain didn’t install a single megawatt of wind power capacity in 2015, the first time the industry has had a dead year since the 1980s.

Total installed capacity stalled at 22,988 megawatts, with wind covering 19 percent of power demand in Spain last year, the Spanish Wind Energy Association, known by its Spanish initials AEE, said Tuesday in a statement. Just 27 megawatts of new capacity has been installed since 2013, when a new payments system was introduced.

Spanish renewable energy companies that once reaped Europe’s biggest subsidies have looked abroad for projects since the domestic market stagnated following a moratorium on support for new wind farms and solar parks in 2012. The standstill has left Spain needing an additional 6,400 megawatts of wind energy capacity by 2020 in order to meet binding European renewables targets, according to the association.

“The installation of more than 6,000 megawatts of wind power in four years has been done in Spain before thanks to regulations that favored it,” the association said. “If certain aspects of the regulations were modified to give confidence back to investors and ease access to financing, it could be attempted again.”

The industry group called on the government to consult with the wind sector on changes to auctioning arrangements, after an initial 500-megawatt auction yielded no subsidy for the technology. It said that was an “unexpected result that brought even more uncertainty to the already complicated situation of the wind sector.”

The association called for an end to provisions in rules that allow the government to change the reasonable returns for projects every six years. It also said the government should hold auctions for the remaining 5,900 megawatts of wind power it needs as soon as possible.
Bloomberg

Remember all that wind industry guff about the world hungering for wind power; how it’s free and getting cheaper all the time; and how it’s the ‘plug and play’ solution to our future electricity needs?

No? It seems Spaniards have forgotten it too.

spain_bullfighting_2

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. Jackie Rovensky says:

    It seems no country and no community that’s been hooked by the bait of the wind industry have prospered – all have unemployment woes and rising power prices stifling social and economic progress.
    When will the ‘powers that be’ accept it is a given – if wind comes it blows away everything in its path, leaving destruction, sickness and destitution.

  2. Spain is now using a capacity auction scheme for renewables without subsidies

    http://www.icis.com/resources/news/2016/01/15/9961000/spain-ushers-in-new-era-of-subsidy-free-wind-power/

    The first auction last month was for 500MW of wind and 200MW of biomass generation – the “winners” were Ence, Jorge, Forestalia and EDPR. The renewables lobby were not impressed

    http://www.platts.com/latest-news/electric-power/barcelona/spanish-renewable-groups-slam-700-mw-capacity-26340547

    It will be interesting to see how financially viable these schemes are – it should be the acid test for the claims that renewables (especially wind) are mature technologies that can stand on their own merits.

  3. Spain is colonizing the American Northeast through its agent, Iberdrola, the largest wind power company in the world, and is using this same company to take control of the transport of energy fuels through new pipeline construction that sets town against town and threatens residents with barrages of infrasound from compressor transfer stations. Whether your health was taken from you by massive wind turbines or compressor transfer stations, your body does not know the difference. It becomes sick.

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