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Spain Plans to Cap Return Earned by Clean Energy Plants at 7.4%

Spain plans to set the return earned by renewable energy at 7.4 percent, moving to curb subsidies to an industry that got 50 billion euros ($68 billion) in the past decade, according to draft rules seen by Bloomberg News.

The rate on investment for clean-power plants was based on the average interest of a 10-year sovereign bond plus 3 percentage points, according to the regulations that still need final government approval. The more than 1,000 pages of rules cover electricity from renewables such as sunshine and wind, as well as industrial co-generation and waste.