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Spain post-2012 legislation ‘worse than feared’  

Credit:  Michael McGovern, Windpower Monthly, 23 September 2011, windpowermonthly.com ~~

Spain’s regulators have received the government’s draft pay mechanism affecting new wind capacity connected after end-2012, when the present regulation expires.

The national wind association Asociación Empresarial Eólica (AEE) said the document “presents an even worse scenario than expected”. It added: “If passed, it will mark a de facto wind market moratorium.”

Among unexpected items is a 35% cut to the production incentive, currently at €30.10/MWh, paid in addition to the going wholesale electricity market price. The AEE said the €20/MWh proposed is “non-viable”.

The draft sets an overall minimum price of €55/MWh, in case wholesale electricity prices fall below €35/MWh; way below the current safety net of €77/MWh.

Even worse for AEE is that incentive rates, reviewed annually, can slide downward for all new capacity after end-2012 if wind developers exceed a 1.4GW annual quota on new build. The rate will rise if the quota is not met.

The draft cuts eligibility to the production incentive for new capacity, from 20 to 12 years. Annually, that incentive will now be limited to the first 1,500 hours of generation only.

As the government tries to usher in the new regulation before the 20 November general election, the AEE said it will “race against time amend” the document.

Source:  Michael McGovern, Windpower Monthly, 23 September 2011, windpowermonthly.com

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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