Having retroactively damaged its solar sector once before, Spain's latest renewable energy tender does little to repair the damage. While Saudi Arabia embraces a cost-based solar auction, Spain is tipping the scales in favour of the status quo.
Spain’s National Association of Photovoltaic Energy Producers (ANPIER) has opened a permanent office in Brussels to help direct European Union policy on renewables by publicising the historic financial suffering of thousands of Spanish solar consumers at the hands of retroactive legislative changes.
There is a need for a pan-European investor-state dispute settlement mechanism, to give the solar industry a unified legal body to help it fight retroactive cuts and other policy U-turns across the continent, according to a European trade group.
The Spanish Supreme Court has ruled that solar PV companies and investors should be compensated by the Spanish administration over historic amendments to the feed-in-tariff (FiT) policy for new installations.