6% tax on renewables could lead to exodus of wind companies in Spain

6% tax on renewables could lead to exodus of wind companies

renewableenergymagazine.com 17 Sep '12, 8am

6% tax on renewables could lead to exodus of wind companies in Spain

The long-awaited reform of the energy market is a step closer to fruition after the Spanish cabinet finalised the Energy Bill, which it has now passed to Parliament for approval. According to the Government, the bill will ensure Spain’s spiralling tariff deficit is contained. Without it, the office of President Rajoy said, the accumulated deficit would “continue to rise year-on-year, and could double by 2015”. The “fiscal measures for sustainable energy” set forth in the bill are designed to bring down the deficit to €15 billion in 2012, and zero by 2013: an objective which the Minster for Industry, José Manuel Soria, believes will be achieved. While the aim of the Energy Bill is laudable, members of the renewable energy sector have criticised some of the measures therein, claiming that the will actually harm the clean energy industry rather than promote sustainable energy...

Full article: http://www.renewableenergymagazine.com/article/6-tax-on-r...

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@interect » 21 Sep '12, 1pm
6% tax on renewables could lead to exodus of wind companies - Renewable Energy Magazine [link]
@Melvynscot » 17 Sep '12, 2pm
6% tax on renewables could lead to exodus of #wind companies [link] @RenewablesNews
@EnergiewendeGER » 17 Sep '12, 10am
So what are the politics behind taxing green electricity in Spain? A success of the fossil fuel lobby? [link] (via @Ghuijink)
@EnergiewendeGER » 17 Sep '12, 9am
Spain announces new energy tax package: on nuclear waste, on coal, gas and diesel, and on renewable energies. [link]
@Ghuijink » 17 Sep '12, 9am
@EnergiewendeGER Info on the Spanish retro-active tax on #electricity production. [link]
@elsoldemerix » 17 Sep '12, 9am
RT @elizaberthus: 6% tax on renewables could lead to exodus of wind companies in Spain [link]
@elizaberthus » 17 Sep '12, 8am
6% tax on renewables could lead to exodus of wind companies in Spain [link]
@RenewablesNews » 17 Sep '12, 8am
6% tax on renewables could lead to exodus of wind companies [link] #energy #renewable #wind
@LeoGutson » 21 Sep '12, 5pm
6% tax on renewables could lead to exodus of wind companies [link]
@SMEEnviroApp » 17 Sep '12, 2pm
6% tax on renewables could lead to exodus of #wind companies [link] @RenewablesNews
@Doblegar » 17 Sep '12, 9am
RT @elizaberthus: 6% tax on renewables could lead to exodus of wind companies in Spain [link]