Dear all,
I am giving serious thought to putting something into the Quintas solar energy fund - [broken link removed]. Has anyone else been looking at this or think its a wise decision?-
I know it's a long term investment, but you do need to be mindful of the recent cuts in grants for solar power projects in Spain, not to mention the drop in the price of oil.
Hi
I heard a bit about this fund.
Quintas say that the spanish government will pay for solar energy at a guaranteed rate for the next 35 yrs or so.
There was some law passed called the 'Royal decree 661' which guarantees that the government will buy energy from solar farms.
They say their solar farm is already connected to the grid.
Its hard to identify what they risks are. Maybe climate change will affect the amount of sunshine in spain.
I suppose the length of the investment -35 yrs is an issue.
You also have to wait 12-13 yrs before you get back any return.
I'd be curious to know how it compares with other energy investment schemes.