The company has been hit hard by the moratorium on renewables projects in its home market of Spain, which still accounts for the lion’s share of its portfolio, and the company has been vocal in its criticism of government policies that are endangering the profitability of existing wind and concentrating solar power assets.
The Spain situation and the higher cost of obtaining capital have hit the company’s ability to keep expansion going at the same rate, while — in common with its peers — Acciona Energía’s development arm has also had to deal with the slowdown in the US wind market.
“All
