2024-03-29T15:46:29Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/54882022-05-20T13:23:25Zcom_10259_4393com_10259_5086com_10259_2604col_10259_4394
Review of the legislative framework for the remuneration of photovoltaic production in Spain: a case study
Diez Mediavilla, Montserrat
Alonso Tristán, Cristina
Blanco Díez, Patricia
photovoltaic production
energy sector
renewable energy
legislative framework
Ingeniería eléctrica
Energía-Aspectos económicos
Electric engineering
Energy (Economics)
Spain is among the European countries with the greatest photovoltaic potential. During the
first decade of the 2000s, Spain was a European leader in installed photovoltaic power and job creation
in the renewable energy sector, strongly influenced by a very favorable regulatory framework and
public subsidies at a time of economic growth. That situation would be completely reversed with the
regulatory changes introduced in 2012 to combat the tari deficit and the instability in the electricity
supply system, problems accentuated by the economic crisis. The main objective of this study is to
present an exhaustive review of the legislative changes that have a ected photovoltaic energy in
Spain. Using real data on electricity production and the remuneration of a typical photovoltaic plant,
we show that there was a very significant fall in the economic returns that investors had come to
expect, within a system that prioritized, first and foremost, the initial investment rather than the
levels of electricity production. The changes to the legislative framework a ecting a typical 100 kWp
photovoltaic (PV) facility that entered into service before 2007 provoked a significant decrease of 8.7%
in expected revenues, calculated from real data of production and income. These economic losses
can be even higher, with a drop in revenue of almost 25% if the entire period of the installation’s
useful life is analyzed. Public support for renewable energy is important for its introduction into the
electricity market, but so is regulatory stability that o ers investment security and predictability for
maintaining investment and development in the renewable energy sector
Regional Government of Castilla y León under the “Support Program for Recognized Research Groups of Public Universities of Castilla y León” (ORDEN EDU/667/2019) and the Spanish Ministry of Science, Innovation, and Universities under the I + D + i state program “Challenges Research Projects” (Ref. RTI2018-098900-B-I00)
2020-09-28T10:59:18Z
2020-09-28T10:59:18Z
2020-02
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://hdl.handle.net/10259/5488
10.3390/su12031214
2071-1050
eng
Sustainability. 2020, V. 12, n. 3, 1214
https://doi.org/10.3390/su12031214
info:eu-repo/grantAgreement/JCyL/EDU/667/2019
info:eu-repo/grantAgreement/MICINN/RTI2018-098900-B-I00
Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
application/pdf
MDPI
https://riubu.ubu.es/bitstream/10259/5488/4/Blanco-sustainability.pdf.jpg
Hispana
TEXT
http://creativecommons.org/licenses/by/4.0/
RIUBU. Repositorio Institucional de la Universidad de Burgos
http://hdl.handle.net/10259/5488