Register  |  Login

Spain Targets First Cash From Renewables With Energy Tax

BLOOMBERG - Mariano Rajoy’s pledge to tax utilities and power consumers signals Spain is planning to raise cash from renewable energy for the first time, a blow to an industry already struggling with subsidy cuts.

Toolbox

Flag this item Connections
Print July 12, 2012, 12:23 (CEST)
text size: T T

The prime minister told Parliament yesterday he’d impose a levy to spread the expense of closing a gap between costs and revenue in the country’s electricity business, which has racked up debts of 25 billion euros ($31 billion). Details may be announced as early as tomorrow after the weekly Cabinet meeting.

 

Read full article online

>> Source
blog comments powered by Disqus