Spain Govt Expects To OK New Renewable Aid Rules In Nov

Spain Govt Expects To OK New Renewable Aid Rules In Nov
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Τρι, 26 Οκτωβρίου 2010 - 19:04
New regulation for renewable energy in Spain is expected to be approved by the cabinet in November and come into effect at the beginning of next year, Antonio Hernandez, general director for energy and mines at Spain's industry ministry, said Tuesday.
New regulation for renewable energy in Spain is expected to be approved by the cabinet in November and come into effect at the beginning of next year, Antonio Hernandez, general director for energy and mines at Spain 's industry ministry, said Tuesday.

The regulation will include amended subsidies for new wind and solar parks, he said. Possible cuts to subsidies of already existing photovoltaic solar installations, however, likely won't be part of the new rules yet, as the government continues to negotiate with the sector, Hernandez said.

The government and wind power and thermosolar associations reached in July an agreement on the planned regulations, including cuts in subsidies of up to 45% for thermal solar parks, and up to 35% for wind parks.

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