Sunny Spain's green energy plan leaves needy feeling cold [Reuters]
FERROVIAL S A UNSP/ADR (FRRVY)
NASDAQ:AMEX Investor Relations:
ferrovial.com/en/ir-shareholders
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Source: Reuters
MADRID, June 21 (Reuters) - Standing by his swimming pool at his home in an affluent Madrid suburb, retired engineer Juan Manuel Cosmes Cuesta enthuses over the 30% state subsidy he will get for installing solar panels that have already more than halved his monthly power bills. "Lots of people we know - neighbours, my wife's friends in the area - are doing it and everyone is happy," he said. Not so in less wealthy areas a short drive away. "I understand that for these subsidies you have to put up part of the money first and that it is a lot for many people," said Manuel Blanco, a 44-year-old plumber who lives in the 1970s-built San Pascual district. Others said the top priority was lifts as they struggle up the many flights of stairs in old apartment blocks. "What we need most here are elevators to help the elderly," said Candela Garcia, 73, who has lived in the working class Orcasitas neighbourhood south of the Spanish capital since she was a child. As Europe doubles dow
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