Last
week
Madrid
drew
more
howls
after
unveiling
its
latest
plan
to
alter
power-market
regulations,
limiting
the
options
existing
wind
farm
owners
have
for
receiving
payments
and
tightening
the
mechanism
by
which
future
rate
increases
will
be
calculated.
Shares
in
Spanish
renewables
players
like
Acciona
and
Abengoa
slumped
on
the
news.
The
government’s
incessant
tinkering
with
regulations
is
problematic
enough,
making
investments
in
large
Spanish
wind
projects
all
but
impossible.
Even
worse
are
signals
that
Spanish
officials
no
longer
grasp
the
value
in
helping
the
industry
survive
through
Europe’s
current
financial…
