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Around the World, Buyer’s Remorse Sets in for Costly Clean Power

  • Ontario to Spain yank contracts, subsidies for renewables
  • California utility giant PG&E may move to renegotiate pacts
Solar panels stand at a solar farm in Sarnia, Ontario, Canada.
Photographer: James MacDonald/Bloomberg
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Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, helping wind and solar become some of the cheapest power sources.

Now, these pacts are under attack.