Green Departure: Tough times for the CleanTech industry

In the last few weeks both Shell and BP have pulled out of developing off-shore wind developments in the UK due to better incentives and support from the US government in the form of tax breaks and incentives.

The same is true for Spain where in the last few years the country has been unprecedented growth in wind farms along the majority of the eastern part of the country. Then just as the country was seeing clean and green as a way forward – they remove the tax break for further development. Almost overnight the work stops, new planned sites are abandoned and people are laid off.

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