The Spanish renewables sector is facing a major challenge as the end of government subsidies rapidly exposes it to more volatile and riskier market pricing just as 8.7GW of wind and solar races to get up and running, according to S&P Global Ratings.
In a new report, The End To Subsidies: The Beginning of a New Era for Spanish Renewables? the global credit and risk specialist looked at the implications for Spain of how remuneration for projects is dramatically changing as subsidies vanish.
