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Solar & Alternative Energy

Hot streak for solar power in Spain

Wall Street Journal
5 August 2009

After positioning Spain as the third-largest wind power producer after the U.S. and Germany, renewable energy companies are now racing for a foothold in the country's fast-growing "solar thermal" market.

Government figures show Spain has close to 30 solar thermal plants under construction. Companies are seeking clearance for projects that would add 4,300 megawatts of capacity -- enough to cover about two-thirds of New York City's power demand on a spring day -- representing an investment of about €17 billion (about $24.5 billion).

Full story from Wall Street Journal (subscription required).