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Spain draft law targets 1,4 MW wind energy/yr to 2020  

Credit:  Reuters, www.reuters.com 22 September 2011 ~~

The Spanish government has set an annual target for installed wind energy of 1,400 megawatts between 2013 and 2020, according to draft regulation the Industry Ministry sent to the energy sector watchdog CNE.

In the draft, to which Reuters gained access on Thursday, the ministry says the aim is to install 11,200 MW in the period to ensure that there are 35,000 MW operating in 2020.

The additional cost to the electricity system will be around 800 million euros over the 8-year period, according to the ministry’s calculations.

“This does not take into account the reduction in pool prices due to the introduction of this technology,” the ministry said, adding that the shortfall will be funded by electricity tariffs and will not come out of Spain’s annual budget.

The draft regulation also includes changes to the remuneration system for wind power facilities. The installations will sell their energy at pool prices and will also receive a premium, but only in the event that the premium and the pool price combined falls within a minimum and maximum limit.

For 2013, the ministry has established in the draft regulation a 20 euros/MW premium, with a maximum of 80 euros/MW and minimum of 55 euros/MW.

The new regulation establishes an annual cap of 1,500 working hours to obtain the premium, but cuts to a maximum of 12 years the period during which facilities are eligible for the premium.

“Wind energy technology has reached a level of maturity which will allow it to compete with conventional technologies in the market in a very short time,” the draft said.

The wind energy sector association AEE said in a statement that thousands of jobs will be be lost if the new regulation is implemented.

But an Industry Ministry source said the new regulation “provides a stable system for the long term.”

(Reporting By Andres Gonzalez; Writing by Judy MacInnes; Editing by Richard Chang)

Source:  Reuters, www.reuters.com 22 September 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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