Spanish Sunburn - Bloomberg: "Prime Minister Zapatero’s failed plan to transform his country into a carbon- free energy giant exposes the risks facing investors looking to profit from clean power.
German Vilimelis heard about Spain’s solar gold rush from his brother-in-law in 2007.
Across the plains around Lerida, the northeastern Spanish town where they spent weekends, farmers were turning over their fields to photovoltaic panels to capitalize on government solar- energy subsidies. Vilimelis persuaded his father, Jaume, who made a living growing pears on 5 acres (2 hectares) of land in Lerida, to turn over a portion of his farm for the project, Bloomberg Markets reported in its November issue."
German Vilimelis heard about Spain’s solar gold rush from his brother-in-law in 2007.
Across the plains around Lerida, the northeastern Spanish town where they spent weekends, farmers were turning over their fields to photovoltaic panels to capitalize on government solar- energy subsidies. Vilimelis persuaded his father, Jaume, who made a living growing pears on 5 acres (2 hectares) of land in Lerida, to turn over a portion of his farm for the project, Bloomberg Markets reported in its November issue."
