19 Oct '15, 6am

Spain's government approves the “sun tax”

Spain's government approves the “sun tax” 09. October 2015 | Financial & Legal Affairs , Investor news , Global PV markets | By: Christian Roselund A new self-consumption decree states that installations up to 100 kW provide electricity to the grid as a gift. High taxes are spared only partially for systems up to 10 kW and plants on islands off the coast of Spain. Under the new rules excess generation from systems up to 100 kW will be treated as a gift to the grid, with no compensation. Spain's center-right government has been perhaps the most hostile to the solar industry among European nations, including sweeping retroactive changes to the nation's feed-in tariff which have been challenged in Spanish and European courts. Today Spain's Council of Ministers hit a new low by approving fees on solar self-consumption, which have been dubbed the “sun tax”. While full details w...

Full article: http://www.pv-magazine.com/news/details/beitrag/spains-go...

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