BMI View: The government’s latest move to cut the Spain’s burgeoning power tariff deficit is likely to weigh on the embattled power and renewables sector. Despite the sector having been plagued by regulatory uncertainty for the last few years as the government has attempted to get the country’s economy under control, the latest cost-cutting measures – although largely priced into our forecasts – are likely to weigh not only on the growth potential of the renewables sector, but also a host of Spanish utilities operating within the domestic power market. A number of regulatory changes over the past year have …
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