Spain govt guarantees average 7 pct return on investment for wind farms
The Industry Ministry said the new regulatory framework for the renewable energy sector guarantees an average 7 pct return on investment in wind energy and hydro-electric installations under the regulated tariff system.
In a statement, the ministry said the average return on investment will be 5-9 pct if the installations participate in the electricity generation market.
With regard to biomas, biogas and solar installations, average return on investment will be 8 pct under the regulated tariff and 7-11 pct in the electricity market.
The new sector regulations will not be retroactive, as current legislation remains in place until 2010 for installations which are currently operating, the ministry noted.
A new renewables plan for 2011-2020 will be drawn up next year.
The copyright of this article is owned by the author or publisher indicated. Its availability here constitutes a "fair use" as provided for in section 107 of the U.S. Copyright Law as well as in similar "fair dealing" exceptions of the copyright laws of other nations, as part of National Wind Watch's effort to advance understanding of the environmental, social, scientific, and economic issues of large-scale wind power development. For more information, click here.
Blog it:
Tags: Wind power, Wind energy
