International pressure on Spanish government paying off

Share

Spanish business newspaper Cinco Dias – citing government sources – has reported that in recent days there has been substantial intervention by the major banks on the government. Not only that, but EU Energy Commissioner Günther Oettinger (CDU) should have “strongly warned” the Spanish government about the possibility of making investors feel insecure, thereby jeopardizing the EU’s climate change goals. Tomas Diaz, spokesperson for the trade association ASIF (Asociación de la Industria Fotovoltaica) confirmed this information with pv magazine.

After fruitless negotiations between Spain’s Ministry of Industry and trade associations, it became known on Monday that Spain’s industry minister Miguel Sebastian would unilaterally push through a 40 percent reduction in solar promotion. This led to a storm of indignation among international investors, media and involved associations. If the veto by the Spanish government is enforced, then existing plants under the ‘Real Decreto 661/2007‘ will be spared from the cuts.

However, with the Spanish government concretely wanting to decrease new installations, it remains unclear how Zapatero’s intervention will affect the process. His Minister of Industry has tried to impose a retroactive and global cut in solar electricity. Nevertheless, it is probable that the minister will maintain the originally proposed formula and the cuts of 45 percent for solar parks, 25 percent for roof top installations and five percent for smaller projects.

The tension remains as the industry and associations await the final conclusive papers the National Energy Commission will submit for review on the first of July.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

U.S. startup offers meter socket adapter that simplifies solar, battery, EV charging connection

04 December 2024 ConnectDER has secured $35 million in Series D funding to support its meter socket adapter (MSA) business, which integrates solar, storage, EV chargin...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.