| Wind Watch is a registered educational charity, founded in 2005. |
Spain govt to cut investment for wind energy investments by over 50 pct — report
Translate: FROM English | TO English
Translate: FROM English | TO English
Spain’s Industry Ministry plans to cut the premium on investment in wind energy installations by over 50 pct, Bolsacinco reported, citing unnamed sector sources.
According to the website, Energy Secretary General Ignasi Nieto has now submitted the definitive regulations on the wind energy investment, proposing a premium of 17.4 eur per Mwh during the first five years of investment in a wind farm, which will then fall to 10 eur during the following 10 years.
For the remainder of the investment period the premium will be 5.5 eur, Bolsacinco noted.
Furthermore, the new regulation will be applied retroactively from 2010 to all the investments carried out up to that date, it added.
Currently, the electricity companies receive 40.6 eur per MW for their wind energy investments.
afxmadrid@afxnews.com
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=1733 ]
