30 Dec '11, 4pm

Renewable Energy Recap: Spain

Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which gives a numerical ranking to 30 global renewable energy markets by scoring renewable energy investment strategies and resource availability. The indices are updated on a quarterly basis and the most recent report can be found here . Here is the firm’s assessment of Spain. Policy Following the expiry of its 2005-10 renewable energy plan, Spain is now looking to map out its strategy for the next decade to meet its binding EU 2020 emissions target. Early in the quarter, Spain approved more modest targets in its final draft of the 2011-20 renewable energy plan, in a bid to control subsidy costs while still encouraging growth. Compared with the June 2010 draft, which set out a target of 22.7% of total energy from RES, the country now aims to generate 20.8% from RES by 2020. This ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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