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Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Challenges for the Solar PV Industry After Spain Revises The Feed In Tariffs That Caused a Mad Rush and Damaging Market Collapse

September 3, 2009 By Rod Adams

I was dimly aware that Spain had, up until 2008, one of the most generous feed in tariff laws for grid connected solar systems, both photovoltaic and thermal. What I did not know was that Spain, as small and as lightly populated as it is, represented fully 42% of the world market for solar PV in 2008. When the country recognizes the costs of its program and changed its laws to limit the quantity of solar installations that qualify for the generous subsidy, the solar PV industry experienced a rather extreme contraction whose implications are still being digested. Here is a video with interviews of booth participants at Intersolar North America a recent convention for the solar industry held in San Francisco from July 13-15 2009.

Update: I have removed the embedded video because it began playing automatically as soon as the Atomic Insights page was loaded in a browser. Here is the link to the video instead – Challenges for Solar PV Industry

In case you are interested, the feed in tariff that caused a mad rush by the solar industry to supply systems in Spain was 45 euro cents per kilowatt hour at the start of 2008. The new, revised rate, which is still generating interest by a shrinking and stressed industry is 34 euro cents per kilowatt hour for rooftop systems and 32 euro cents per kilowatt hour for ground mounted systems.

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About Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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