Spain: New taxes on regenerative electricity

In the wake of the debt crisis, Spain's Prime Minister Mariano Rajoy has announced further burdens for the energy sector, most of which will affect the sustainable energy industry.

More bad news for Spain's regenerative energy sector. After subsidies were cut at the start of the year, the producers of regenerative electricity are now being asked to pay a hefty special tax on each kilowatt-hour they produce. According to the government's plans, this tax will amount to 19 % for photovoltaics and 11 % for wind power. The government hopes to collect one billion euros each year with this new tax.

The other green energy sources will be taxed between 3 (small hydroelectric plants) and 13 % (solar-thermal electricity), bringing in another 230 million euros.

This would mean that the sustainable energy sector would contribute almost as much as the conventional energy industry's 1.4 billion euros. The nuclear industry will receive a ten-year operating extension for its reactors as compensation.

"While the conventional electricity suppliers can pass on the costs to the customer, this is not possible for photovoltaic operators, for example, as they receive a fixed feed-in tariff", says Mischa Bechberger, speaker for the Spanish renewable energy association APPA from Barcelona. "After the retro-active cuts of recent years, this is the death blow for many operators."

The president of the wind power association AEE, Rocío Sicre, also speaks of a "final blow" against the industry, one that seriously jeopardizes the realization of new wind farm projects in Spain.

Oliver Ristau


Similar Entries

Energy Taiwan is the largest and most professional renewable energy trading platform in Taiwan

Energy Taiwan is jointly organized by the Taiwan External Trade Development Council (TAITRA) and SEMI. The event will take place from October 16-18, 2019 at the Nangang Exhibition Center Hall 1. The exhibition will feature four major energy themes, PV Taiwan, Wind Energy Taiwan, HFC Taiwan, and Smart Storage Taiwan. It is expected to attract more than 10,000 domestic and foreign buyers of related industries. Over 15 seminars will be organized during the exhibition. Energy Taiwan is the most important trading platform for renewable energy.

Throughout the past weeks, European Energy has grid connected eight solar farms with a total capacity of 70 MW. The solar farms are located at Lolland, Falster, Læsø, Bornholm, near Holbæk and near Hjørring.

DHYBRID, the leading German solution provider for PV hybrid, energy storage and smart-grid projects, has announced its partnership with QOS Energy, the data intelligence cloud specialist, to monitor PV hybrid and energy storage plants. DHYBRID will benefit from the versatility of QOS Energy’s monitoring software, which is unique in its ability to aggregate data from all types of energy sources onto one single analytics platform.

Thermal Energy Storage Market

Favorable government initiatives toward renewable energy based power generation along with increasing demand for uninterrupted power supply will augment the thermal energy storage market. In addition, increasing customer focus toward energy efficiency coupled with the implementation of energy storage plans will further complement the industry landscape.