Spain feed-in tariff cuts: new photovoltaic solar power plants to be chopped by up to 45%


Following the news at the close of last week that Spain was edging ever-closer to the threat of feed-in tariff cuts, the country’s industry ministry has now announced that it plans to cut the subsidized electricity prices paid to new photovoltaic solar power plants by up to 45%, reports the Financial Times.

The ministry has said that guaranteed prices for large, ground-based new PV plants would be cut by 45%, while those for large roof installations would drop 25% and for smaller ones by 5%.

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

“These percentages reflect the improved technologies and cost reductions that have occurred in the photovoltaic sector, which suggests the gains should be transferred to consumers while allowing attractive rates of return for investors,” the ministry said.

On July 30, the Photovoltaic Business Association (AEF) criticized the Spanish government, saying it had failed to accept various proposals by investors during three months of talks, even though some of the plans entailed substantial financial sacrifices.

Juan Laso, AEF president said, “This insecurity is keeping us in a state of paralysis.”

Read Next

July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA