Spain to Cut Existing Photovoltaic Plant Revenue 30%, Lobby Group Says

Spain will cut the revenue of existing photovoltaic plants by 30 percent, said Tomas Diaz, director of external relations at the Photovoltaic Industry Association.

The subsidies for new ground-based photovoltaic generators will be reduced by 45 percent while panels mounted on large roofs will see a 25 percent reduction and those on small roofs will be cut by 5 percent, Diaz said following a meeting with Deputy Industry Minister Pedro Marin.

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