Das dürften viele Subventionshaie nicht überleben: Mariano Rajoy’s pledge to tax utilities and power consumers signals Spain is planning to raise cash from renewable energy for the first time, a blow to an industry already struggling with subsidy cuts. It could wipe out 75 percent of equity in Spain’s renewable industry. Fund managers from HSBC Holdings Plc (HSBA) to Deutsche Bank AG (DBK) and developers are lobbying the government to restrain the scale of the taxes, saying higher fees may tip companies into bankruptcy. Shares in most Spanish companies with large clean energy interests fell today. Photovoltaic and solar-thermal power plants, which earn a tariff as much as five times higher than wind, would be the worst hit by a tax on revenue.