Spain Aims to Double Energy from Renewable Sources

Spain approved measures on Friday aimed at nearly doubling its production of energy from renewable sources like wind, sun and water over the next five years.

The plan aims for investment of 23.5 billion euros ($29 billion) in the renewable sector from 2005 to 2010, with private companies footing the majority of the bill. The government will put forward only 2.9 percent of the estimated cost.