Posts Tagged ‘Crisis’

Spanish Government and Political Opposition make an agreement on Renewable Energies.

July 4, 2010

It was obvious. On Friday 02nd July, Spanish Government announced that will cut to 35% until 2013 the economic grants to Wind Power. Furthermore, it is going to reduce the quantity of Kw/h with subsidies. According to the Government, the goal of these actions is “to guarantee the renewable benefits will be invested on the consumer’s interests and relieve the economic situation.” Government will expect to safe 1.300 million Euros.

Wind Energy corporations had expressed their rejection to any cut on the economic grants, but it looks they couldn’t avoid it. It is early to know the whole consequences of this, but it make sense Spanish Wind companies will be forced even more to expand their action to international markets.



Book: “The Crash of 2008” by George Soros.

July 1, 2010

George Soros, “the man who broke the Bank of England”, gives us his personal perspective about the Financial Crisis. I have been reading this book for several months and I couldn’t finish it until now. So, let’s write something about his live and what we can learn from his experiences.

George Soros was born in Hungary in 1930. After the Nazy occupation, he emigrated to study Economics in London by his father’s recommendation. When he accomplished his studies, he moved to New York City where he started working as an arbitrage trader. Then, he had a considerable success as a financial investor by putting in action his famous “Reflexivity Theory”.  At this moment, he holds the 28th position of the World richest people in 2009 according to the Forbes magazine.


Gamesa Vs Acciona.

July 1, 2010

We saw on last posts that Gamesa and Acciona are the Spanish biggest companies in Wind Power. After reading their websites, we downloaded their General Ledger Accounts to analyze them.

These reports are so big (more than one hundred pages) that it doesn’t make sense to make a detailed analysis in this post. Furthermore, Gamesa’s later results published are from 2006 and the Acciona’s are from 2009. So, it is quite hard to compare them. Anyway, let’s see what we can discover.