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The rules violate the principles of reasonable cost and legal certainty, assuming a cut of 37% in concentrating solar power sector revenues. |
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Spain clearly reigns in Europe when it comes to concentrated solar power as new figures show more than 99% of the continent’s projects are situated in the sunny nation. |
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Abengoa's CEO, Manuel Sánchez Ortega, believes that the shareholders of the company "has expropriated in quotes" with the cuts made by the government to contain the tariff deficit. |
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The PP government policy has cost 5,000 million euros to the Concentrating Solar Power (CSP) in Spain. |
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According to the Spanish Solar Thermal Industry (Protermosolar), between 35 and 40 percent of investment in the capital of the Spanish concentrated solar power plants are foreign. |
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While Public Administration estimates that the concentrating solar power industry will have a total of 2,521 MW installed at the end of 2013, in fact only 2,300 MW will be achieved. |
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Sanchez Ortega also defended its solar thermal technology attracting R & D investment and be prepared in case of Abengoa, to operate without subsidies from 2020. |
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The figure has been reduced by 40% in just one year by the effect of the moratorium on renewable energy. |
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The solar thermal energy contributed during 2012 with 2.607 million euros to the economy, up from 927 million in premiums received. |
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The Spanish companies are involved in 64% of concentrating solar projects in development or construction worldwide. |
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Investors in some of the country’s concentrated solar power (CSP) plants have sought out legal representation for what they say will be a multi-billion dollar fight. |
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The organizations state that MINETUR has presented distorted estimates of the economics of renewable energy generation. |
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Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts. |
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Protermosolar Secretary General, Luis Crespo, said that in just six weeks the Concentrating Solar Power (CSP) sector has lost 33% of their income. |
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The recent package reduces the Concentrated Solar Power revenue by more than 30%. |
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On our lasts post of 2012 we have asked some experts their opinion about the future of CSP technology, here goes the first interview. |
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Spanish leadership in Concentrating Solar Power is at risk and creates legal uncertainty in opposition to Spain’s PM speeches. |
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CSP Today announced the winners of its CSP Today Awards 2012 at a ceremony that took place on Tuesday, 13th November, as part of the CSP Today Sevilla 2012 conference. |
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The concentrating solar power plant will produce 100,000 MWh of electricity per year, meeting the needs of 26,000 people. |
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Spain's 35 concentrating solar power (CSP) plants reached two new milestones last month, according to Spanish CSP industry association Protermosolar. |
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