‘Retroactive Looting’: Spain Plans To End All Pre-2004 Wind Subsidies

  • Date: 06/02/14
  • Wind Power Monthly

The Spanish government said it plans to end all price subsidies for wind capacity online before end-2004, while slashing remuneration for younger capacity.

The full 1,700-page regulation, a summary of its long-awaited renewables regulation, was sent to regulator CNMC for a 20-day consultation period. It has not yet been made public.

The summary alone, nonetheless, discloses an act of institutional “retroactive looting”, Spanish wind association AEE told Windpower Monthly.

Investors behind all of Spain’s 22.6GW of online wind capacity were drawn by the state’s promise of maintaining feed-in tariffs for 20 years.

Just over 8.4GW was online by end-2004. Under the new regulation, all that capacity will now only receive the wholesale power market price.

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