Renewable energy firms dealt subsidy blow

The Spanish Supreme Court has dealt a new blow to renewable energy producers.

In a ruling, the court backed the 2014 government decree that resulted in cuts of nearly €1.7 billion in subsidies for the sector.

The decision is considered a setback for the three producers who fought the legal battle against the Spanish government. Spain has
the fourth-highest electricity costs in Europe – around €80 per person a month.