The Spanish government’s cuts to renewable energy subsidies have been particularly harsh on mature wind power assets such as those owned by Acciona, which made a net profit of 189 million euros ($258.3 million) in 2012.
Acciona said that new regulation had a direct negative impact of 257 million euros on accounts and wiped 1.68 billion euros off the value of its renewable energy assets, sending it to a 2013 net loss of 1.97 billion euros.
ACCIONA, a global provider of renewable energy, infrastructure and water services, posted a net loss of
