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Renewable Energy In Spain: From The ‘Sun Tax’ To The Promotion Of Collective Self-Consumption

April 15, 2019

Via: Forbes

A few weeks before the general elections, the Spanish Government approved on Friday 5 a Royal Decree that regulates the new conditions for self-consumption of electricity, which encourage collective self-consumption and establishes a simplified mechanism for compensation of self-produced and unconsumed energy. The new energy regulation has put an end to the so-called ‘sun tax’ introduced by the conservative Popular Party in 2015 to tax the development of photovoltaic solar energy and self-consumption in Spain. From now on, Spain will be in line with its European neighbors and closer to achieving the EU’s energy targets for 2030.

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