Spain: Renewable sector warns 80% of PV producers set to go

Share

These new FITs, combined with a new 7% tax charge for energy production, will lead to the bankruptcy of around 80% of small-scale photovoltaic producers in Spain, warned Spain’s National Association of Renewable Energy Producers and Investors (ANPIER).

The warning was issued during a meeting held between ANPIER president Miguel Martínez-Aroca and Tatiana Marquez Uriarte, Assistant to the DG Energy Director General at the European Commission, in Brussels on January 16.

"Tatiana Márquez recognized the inappropriateness of retroactive regulatory changes enforced on Spanish producers and, along those lines, she announced that the Spanish government will soon receive recommendations from the European Union in this regard," ANPIER said in a statement.

ANPIER expressed concern over the serious cash flow problems that Spanish photovoltaic plants now face, especially as they have accumulated large debts with banks and cannot count on new sources of financing. Uriarte informed the ANPIER president of the possibility that the European Investment Fund could be actively used in 2014 to help these Spanish producers.

DG Energy also expressed disappointment with the fact that solar generators in the European Union are exposed to different criteria, referring to the disparate judgments delivered in Spain and the UK on the retroactivity of rules applied to renewables, since the Spanish Supreme Court has considered some of them legal, while UK courts have not granted any legitimacy to retroactive changes, said ANPIER in the release.

Popular content

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.

Share

Related content

Elsewhere on pv magazine...

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Your email address will not be published.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.