IPFS News Link • Energy
Out Of Ideas And In Debt, Spain Sets Sights On Taxing The Sun
• forbes.comIt might, however, be too much of a good thing. Spain is generating so much solar power, according to its government, that production capacity exceeds demand by more than 60%. That imbalance has created a problem for the government which now finds itself in debt to producers. And not by a little bit. The debt is said to have grown to nearly 26 billion euros ($34.73 billion U.S.).