Abengoa, which entered insolvency proceedings last November, has been granted bankruptcy protection under Chapter 15 over the objections of a group of insurance companies who claimed the Spanish renewables company’s talks to restructure billions in debt was unfair to US creditors.
Spanish utility Endesa has purchased 410GWh of solar energy in its latest solar auction for Spain and Portugal, which comes to the equivalent of 681MW capacity.
Spanish parties representing a majority in parliament have signed an agreement to remove the controversial Royal Decree against self-consumption of solar energy within 100 days of a government being formed.
Spain’s Court of Arbitration has ruled against two companies who filed a lawsuit against the Kingdom of Spain over reforms to the PV sector made in 2010, according to a statement from the Spanish Ministry of Industry.
Two Spanish parties have presented non-legislative proposals to repeal some of the most harming aspects of the Royal Decree against self-consumption of solar energy in Spain.
Spain’s Constitutional Court has published the full details of its judgement rejecting appeals against a decrease in feed-in tariffs for renewable energy sources, but the reasoning has been branded “short, superficial and alien to reality” by a legal representative.
Spain’s Constitutional Court has rejected an appeal by the Spanish region of Murcia against retroactive cuts on the use of solar power, according to a release from the Spanish Government.
Spain-based renewables firm Abengoa began insolvency proceedings yesterday after Gonvarri, an arm of industrial group Gestamp, decided against a plan to invest around EUR350 million (US$371 million) into the company.
Representatives of Spain's solar industry protested outside a Barcelona prison on Wednesday against what they called the “criminalisation” of domestic solar energy use.
