AEE: Spain risks wind assets, jobs

Wind installations fell by more than 80% last year in Spain.

Wind installations came to a near-standstill last year in Spain.

Draft rules by Spain’s government that set the profitability of renewable energy installations retroactively at an average 7.4% – while simultaneously feed-in tariffs are abolished – could prompt companies to leave the country and provoke more job losses, the Spanish wind power federation AEE warns.

The industry ministry in Madrid this week has sent energy regulators a long-awaited draft of a ministerial decree that will determine hundreds of standards and parameters on which support will be based.

The rules are part of a wider reform of Spain’s energy sector aimed at reducing the country’s so-called “tariff deficit” of more than €26bn ($35bn), which has been accumulated as a result of a years-long disparity between generating costs and state-set electricity prices for consumers.

Companies that enjoyed a greater profitability in the past than the 7.4% of “reasonable profitability” now Log in to read complete article.

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