In the mid-2000’s Spain embarked on a solar power revolution: 2008 alone saw solar-energy capacity increase by 400%, accounting for half of the world’s new solar-power installations[i]. Yet five years on, many of Spain’s solar-energy companies are on the verge of bankruptcy as revenues and demand plummet. What happened to cause such a rapid fall from grace in the industry once dubbed ‘renewable-energy’s Cinderella’[ii]?
The core of Corporate Social Responsibility (CSR) deals with the societal and environmental aspects of economic activity. Historically, the question of what and how much corporations should be responsible for has been answered differently.