Visit us at Intersolar Munich! The Solar Media booth is at Hall A1 booth 655, where you can pick up our products at discounted price and learn more about your PR options or share something newsworthy for publishing! Our team will welcome you with a hot coffee and comfortable chair during your travels around the exhibition halls.
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.
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
