VOICED : Sun sets on Spaniards solar power dreams

In 2007, residents near Alberta invested in solar energy, encouraged by government incentives. However, many, like David and Manuel, now face financial difficulties due to reduced state aid and retroactive policy changes. The Spanish government's austerity measures have led to a significant drop in solar energy returns, leaving over 60,000 investors at a loss. Disillusioned, some investors are pursuing legal action, but the government remains silent. The situation has eroded trust in Spain's renewable energy sector, casting doubt on future investments.

What was the main reason for David's regret in investing in solar panels?

• He did not receive the expected state aid.

• The solar panels were faulty.

• He wanted to become a millionaire.

• The government offered too many subsidies.

What measure did Spain's government take to address the electricity deficit?

• Increased subsidies for renewable energy.

• Implemented retroactive cuts to state aid.

• Reduced taxes on solar energy.

• Built more solar power plants.

How many people were affected by the changes in Spain's renewable energy policies?

• Only David and Manuel

• 24 residents

• A few hundred people

• Over 60,000 investors

What did Manuel do to invest in solar energy?

• He partnered with David.

• He received a large inheritance.

• He mortgaged his parents' house.

• He took a government job.

What action have several investors taken against the Spanish government?

• They have taken legal action.

• They have increased their investments.

• They have started new solar projects.

• They have moved to another country.