Spain’s Fersa May Miss Capacity, Sales Goals on European Crisis

Fersa Energias Renovables SA, the Spanish wind-energy developer whose stock has lost 46 percent since April, may miss its capacity and sales targets as Europe’s debt crisis dries up financing for projects.

Fersa Energias, which has 153 megawatts, or 59 percent, of its total capacity in Western European markets including Spain and Italy, said the debt crisis will make it difficult to meet its 2014 targets of 561 megawatts of installed capacity and more than 110 million euros ($146 million) of revenue, Chairman and co-Chief Executive Officer Jose Maria Roger said.