Spain plans end to all pre-2004 subsidies

WindResistanceofMelancthon's avatarWind Resistance of Melancthon

SPAIN: The Spanish government said it plans to end all price subsidies for wind capacity online before end-2004, while slashing remuneration for younger capacity.

The full 1,700-page regulation, a summary of its long-awaited renewables regulation, was sent to regulator CNMC for a 20-day consultation period. It has not yet been made public.

The summary alone, nonetheless, discloses an act of institutional “retroactive looting”, Spanish wind association AEE told Windpower Monthly.

Investors behind all of Spain’s 22.6GW of online wind capacity were drawn by the state’s promise of maintaining feed-in tariffs for 20 years.

Just over 8.4GW was online by end-2004. Under the new regulation, all that capacity will now only receive the wholesale power market price.

The proposed regulation, to take immediate effect, establishes 1,600 parameters for calculating renewables remuneration. It fleshes out a June 2013 law replacing all renewables feed-in tariffs with a remuneration based, instead, on a “reasonable…

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One thought on “Spain plans end to all pre-2004 subsidies”

  1. Obviously the politicians in Spain, are less corrupt, and ignorant, than the ones in power in Ontario!!! Only the Conservative party have acknowledged that the GEA and the FIT program are horrible travesties that have been perpetrated on the people of Ontario. They have promised to get rid of them. That is our only hope, to educate people, and make them aware of the political issues behind the skyrocketing electricity prices, and the destruction of rural Ontario, to say nothing of the constant abuse heaped upon the residents of the communities unfortunate enough to have these useless machines foisted upon them! The Lib/NDP parties have to GO!!!

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