Spain's Solar Deals on Edge of Bankruptcy as Subsidies Founder

Bloomberg
"Spain stands as a lesson to other aspiring green-energy nations, including China and the U.S., by showing how difficult it is to build an alternative energy industry even with billions of euros in subsidies, says Ramon de la Sota, a private investor in Spanish photovoltaic panels and a former General Electric Co. executive.

“The government totally overshot with the tariff,” de la Sota says. “Now they have a huge bill to pay -- but where’s the technology, where’s the know-how, where’s the value?”