Spanish FiT

Plans to Cut Spain’s Solar PV Feed-in Tariff Put the Industry’s Future in Peril

Plans to Cut Spain’s Solar PV Feed-in Tariff Put the Industry’s Future in Peril

The Spanish government has recently brought forward rather contradictory policy developments concerning renewable energy sources (RES). On the one hand, the Industry Ministry has presented the country’s National Renewable Energy Action Plan. It foresees that, by 2020, 22.7% of the country’s final energy consumption will come from renewable sources. This is great news, considering that Spain’s RES European Union (EU) target is 20%. On the other hand, the government announced soon after that it would introduce retroactive cuts in the feed-in tariff program for the photovoltaic (PV) industry in the context of the austerity measures the country is currently undergoing.