Why the authorities froze deposits to renewable energy
A scandal is flared up in the alternative energy sector of Spain, foreign investors threaten to sue due to freezing the allocation of subsidies in this sector.
The authorities did not fulfill their promises that were given to foreign investors.
The situation is quite serious, because last week two large states with a large alternative energy market, Germany and Spain reduced subsidies for companies that extract energy from wind, sunlight and other renewable sources. The decline is caused by the care of the authorities about consumers of energy, because the main expenses of subsidies for this sector are at their expense.
In Spain, measures are caused by savings during the crisis, but the German authorities clearly want to appease the people before the elections, because now the increase in electricity prices will cease.