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.
