Spain proposes 6% umbrella tax on all power generation methods

Facebook
Twitter
LinkedIn
Reddit
Email

Gloom pervaded the Spanish solar industry when minister of industry, energy and tourism José Manuel Soria’s 19% tax on renewables receiving a FiT was announced in July to end the tariff deficit of US$30 billion. However, the cabinet has now launched a draft umbrella tax of 6% payable by all energy suppliers, irrespective of power generation method, lifting the mood a little.

The government will be taxing natural gas suppliers to generate €804 million, for power generation with coal €268 million and for oil €38 million. The nuclear taxes are intended to produce €269 million between 2013 and 2015. Altogether, the government is hoping that the taxes could raise an extra €2,700 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

A bump in revenue is further expected from the sale of carbon dioxide allowances of €450 million.

Of course, these reforms are subject to change as the reforms still need to be approved by parliament

Read Next

July 25, 2025
A round-up of news from the Indian solar sector this week, including Reliance Industries' cell plant, Juniper Green Energy powering solar PV and Solex Energy launching new modules.
Premium
July 25, 2025
At the SNEC expo, Carrie Xiao took the temperature of the industry as it seeks a way out of cutthroat competition and squeezed margins.
July 25, 2025
The US state of New York expects to install 35GW of solar PV and 9.4GW of battery energy storage system (BESS) by 2040.
July 25, 2025
VDE Americas has verified the successful deployment of the hail mitigation function of GameChange Solar’s Genius trackers.
Premium
July 25, 2025
Prices of products across various segments of China's PV industry chain—polysilicon, wafers, cells, modules—have begun to rise recently.
July 25, 2025
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK