Last
year,
the
government
announced
it
would
levy
an
extraordinary
tax
on
the
power-generation
sector,
which
the
chief
executive
describes
as
“undeserved
and
unjustifiable”.
“Investment
has
grown,
but
not
tariffs,
and
this
investment
has
never
been
remunerated
properly,”
he
says,
adding
that
the
tax
will
cost
Acciona
around
€1bn
($1.33bn)
in
net
value.
On
1
February,
Madrid
introduced
a
new
decree
law,
which
eliminates
the
option
for
renewables
producers
of
selling
energy
at
the
market
price
plus
a
premium,
and
obliges
them
to
choose
between
a
fixed
tariff
or
the
market
price.
Acciona
says…
