Energy Investment Articles

Feliz Navidud: A Case Study in Spanish Regulatory Risk and Investor Response image

Feliz Navidud: A Case Study in Spanish Regulatory Risk and Investor Response

Sunday, April 17, 2016
Prologue Most of the 22nd and 23rd December 2010 was spent making cellphone calls from the car in Norfolk, England. The calls were part of an investor last -stand against Spain’s newest round of retroactive photovoltaic (PV) tariff changes. Investors had battled Spain throughout the spring and summer of 2010. In September 2010, Spain had made minor retroactive PV tariff changes, which were slightly damaging to our investments. We thought that Spain was done, but just three months later, on 15th December, it leaked that Spain was secretly preparing swingeing cuts to PV. This was not only bad for HgCapital’s and other funds’ investments, but also for HgCapital fundraising. We had launched our second renewable energy fund in April 2010, which stood at €200 milli .. Read More Read More About Green Energy Investment | Tom Murley