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High winds slash Spanish energy prices
Spain's investment in renewables is paying dividends for distributors whose costs have plunged this year as winds buffet the country
By Giles Tremlett, guardian.co.uk

Wild weather across southern Europe this week is expected to produce a record amount of renewable electricity. As Spaniards were today warned to batten down windows in order to fend off fierce Atlantic gales, the country's electricity distributors were anticipating a windfall - a huge boost in power generation from the country's wind farms.

Spain has built so many wind farms in recent years that the arrival of high winds and the subsequent surge of electricity into the national grid now has an immediate impact on the price at which it is sold...

Spain added another 11% to its wind-power capacity last year. That increase contributed to a year in which wind power accounted for 43% of new generation capacity - more new electricity capacity in Europe than any other source.


by Magnifico on Mon Feb 9th, 2009 at 03:55:09 PM EST
[ Parent ]
Who coulda predicted that high winds would make a Zorro slash on energy prices?  When the headlines read about the long-term price relief of normal winds, underscored by all the people relatively happy with their jobs servicing turbines, then will the masked man be happy.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Mon Feb 9th, 2009 at 04:36:33 PM EST
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