James Levy

Cleantech 'Power 10' Ranking for 2009 (Vol II)

I wouldn´t touch Abengoa or Iberdrola. Both of these companies depend heavily of the huge subsidies of the Spanish government to encourage ¨Green Energy¨. As per the results of recent studies, each of these ¨Green Jobs¨ created with public money costs the taxpayer over 2 000 000 USD, and results in destruction of 9 other jobs.

The Socialist Spanish government is leading the country rapidly towards bankruptcy, and there is no way that these subsidies can continue. Both of these companies tougher times in future as the absurdity of these huge subsidies is better recognized by the public.

As a postnote, new nuclear power plants are banned in Spain, as this makes the Socialist feel ¨progressive¨. At the same time, Spain has the highest electricity costs in Europe, the highest unemployment in Europe, is losing its industrial base, and imports ever increasing quantities of electricy from France (generated by clean and safe nuclear power)!

As President Obama has stated, Spain is his model for the energy policy of the United States....

James Levy
Madrid, Spain.