Looking at it from this side of the Atlantic, it seems like now's the time for cities trying to develop industry to seek out Spanish investment.  The problem is that everyone focuses in on Japanese investment, because that's the holy grail.  

The idea that maybe it's better to run away from the crowd and look for investment from other sources, than get involved in bidding wars offering ever increasing tax abatements and incentives is beyond the economic development community.

That's interesting to here about Iberdrola. Spain's been blessed with hydro power, and they've built a great deal around wind energy.

I've always though that it would be a good idea to build up wind energy through the creation of cooperative companies based around farmer's organization (National Farmer's Union, Farm Bureau, etc.) to site turbines, and share the profits. Not to mention that plug in tractors seem like a damn good idea.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg