Making the Most of Spain’s Feed-in Tariff for Solar Power

Michael Giberson

Bloomberg reports on fraud via Spain’s subsidized feed in tariff rate for solar power:

Preliminary evidence shows some solar stations may have run diesel-burning generators and sold the output as solar power, which earns several times more than electricity from fossil fuels, El Mundo said, citing unidentified people from the energy industry. The power grid received 4,500 megawatt-hours of power from midnight to 7 a.m. in the months audited, El Mundo said.

HT Arizona Economics and Coyote Blog.

5 thoughts on “Making the Most of Spain’s Feed-in Tariff for Solar Power

  1. The green (tax payer dependent) industry’s greed, and shame, knows no bounds.

  2. Surely they did not believe their actions would not be discovered.

    Talk about a loophole you could drive a truck through!

  3. There have been numerous industry rumors that Spain may cut back on the guaranteed FIT rates that it has given to solar plants in the past.This would not only cause a huge amount of problem for renewable energy in Spain but have repercussions throughout the world as private investors in renewable energy rethink about the their investments.

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