MADRID, Madrid June 8 (Reuters) – Spanish wind energy developers, faced with a possible reduction in subsidies which would spark a sector-wide cost-cutting battle, called on turbine makers to cut their prices
excess demand, the price of the machine itself has gone up 20
percent,” director for Spanish power company Endesa’s renewable
energy division Fernando Ferrando said on Monday.
lower turbine prices at the 2009 Wind Energy Conference.
to the credit crisis, companies await a new government
regulatory framework that will set down guidelines on the rate
of installation of wind farms and probably cut subsidies.
of financial institutions prepared to participate in project
finance to fund wind energy deals.
savings banks and the international banks have pulled out. There
are less of us amongst whom to spread the load and risks are
building up on our balance sheets,” said Jesus Losa, director
for energy, oil and gas at La Caixa, Spain’s largest savings
projects have all increased because of this, he said.
(Writing by Judy MacInnes; Editing by Dan Lalor)
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