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<dc:creator>Diez Mediavilla, Montserrat</dc:creator>
<dc:creator>Alonso Tristán, Cristina</dc:creator>
<dc:creator>Blanco Díez, Patricia</dc:creator>
<dc:date>2020-02</dc:date>
<dc:description>Spain is among the European countries with the greatest photovoltaic potential. During the&#xd;
first decade of the 2000s, Spain was a European leader in installed photovoltaic power and job creation&#xd;
in the renewable energy sector, strongly influenced by a very favorable regulatory framework and&#xd;
public subsidies at a time of economic growth. That situation would be completely reversed with the&#xd;
regulatory changes introduced in 2012 to combat the tari  deficit and the instability in the electricity&#xd;
supply system, problems accentuated by the economic crisis. The main objective of this study is to&#xd;
present an exhaustive review of the legislative changes that have a ected photovoltaic energy in&#xd;
Spain. Using real data on electricity production and the remuneration of a typical photovoltaic plant,&#xd;
we show that there was a very significant fall in the economic returns that investors had come to&#xd;
expect, within a system that prioritized, first and foremost, the initial investment rather than the&#xd;
levels of electricity production. The changes to the legislative framework a ecting a typical 100 kWp&#xd;
photovoltaic (PV) facility that entered into service before 2007 provoked a significant decrease of 8.7%&#xd;
in expected revenues, calculated from real data of production and income. These economic losses&#xd;
can be even higher, with a drop in revenue of almost 25% if the entire period of the installation’s&#xd;
useful life is analyzed. Public support for renewable energy is important for its introduction into the&#xd;
electricity market, but so is regulatory stability that o ers investment security and predictability for&#xd;
maintaining investment and development in the renewable energy sector</dc:description>
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<dc:identifier>http://hdl.handle.net/10259/5488</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>MDPI</dc:publisher>
<dc:title>Review of the legislative framework for the remuneration of photovoltaic production in Spain: a case study</dc:title>
<dc:type>info:eu-repo/semantics/article</dc:type>
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