RT info:eu-repo/semantics/article
T1 Review of the legislative framework for the remuneration of photovoltaic production in Spain: a case study
A1 Diez Mediavilla, Montserrat
A1 Alonso Tristán, Cristina
A1 Blanco Díez, Patricia
K1 photovoltaic production
K1 energy sector
K1 renewable energy
K1 legislative framework
K1 Ingeniería eléctrica
K1 Electric engineering
K1 Energía-Aspectos económicos
K1 Energy (Economics)
AB Spain is among the European countries with the greatest photovoltaic potential. During thefirst decade of the 2000s, Spain was a European leader in installed photovoltaic power and job creationin the renewable energy sector, strongly influenced by a very favorable regulatory framework andpublic subsidies at a time of economic growth. That situation would be completely reversed with theregulatory changes introduced in 2012 to combat the tari  deficit and the instability in the electricitysupply system, problems accentuated by the economic crisis. The main objective of this study is topresent an exhaustive review of the legislative changes that have a ected photovoltaic energy inSpain. 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 toexpect, within a system that prioritized, first and foremost, the initial investment rather than thelevels of electricity production. The changes to the legislative framework a ecting a typical 100 kWpphotovoltaic (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 lossescan be even higher, with a drop in revenue of almost 25% if the entire period of the installation’suseful life is analyzed. Public support for renewable energy is important for its introduction into theelectricity market, but so is regulatory stability that o ers investment security and predictability formaintaining investment and development in the renewable energy sector
PB MDPI
YR 2020
FD 2020-02
LK http://hdl.handle.net/10259/5488
UL http://hdl.handle.net/10259/5488
LA eng
NO 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)
DS Repositorio Institucional de la Universidad de Burgos
RD 24-abr-2024