Spain May Limit Solar Subsidies by Capping Hours, Official Says
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Spain may limit the hours during which photovoltaic-power plants may earn subsidies as part of a plan to rein in electricity costs for consumers, according to a government official involved in talks with the owners.
It’s too early to say how much the cut might cost companies that generate the solar power using photovoltaic panels, said Antonio Hernandez, general director of energy policy at the Madrid-based Industry Ministry. He said the ministry aims to reach an agreement during the next few weeks of negotiations.