November 29, 2006
Spain
Spain
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.
URL to article: https://www.wind-watch.org/news/2006/11/29/spain-govt-guarantees-average-7-pct-return-on-investment-for-wind-farms/