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Spain renewable energy cuts to cost sector 1.7bn euros

Spain’s cuts in subsidies for renewable energy will hit company revenues by about 1.7 billion euros ($2.34 billion) this year, the country’s competition regulator CNMC said in a report on Monday. The government is cutting renewable subsidies as part of a drive to reduce a 30 billion euro ($41 billion) power tariff deficit built up … Continue reading Spain renewable energy cuts to cost sector 1.7bn euros

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