The new law regarding the taxation of photovoltaic systems in Spain requires that households operating this technology pay grid fees in addition to a ´sun tax´. Furthermore, it regulates the selling of electricity from private households. The fines for not complying with the restrictions can reach a height of €60 million. However, installations smaller than 10kW and specific locations are exempt from this law.
Energy law concerns the production, distribution, and development of energy resources. In recent decades, renewable resources such as solar power have gained support.
By November 2016, large companies that, for at least two consecutive years, fulfil specific conditions (those that employ at least 250 people, and those that, without meeting the previous requirement, have a turnover of more than 50 million euros and a general balance exceeding 43 million euros) must undergo their first energy audit.
Spain is a world leading contributor in wind power technology, consequently building a great presence in the world as well as contributing 17% of the country’s electricity needs.
Foreign investors are following three appeals against the reduction of feed-in tariffs in Spain: the transition before the national courts, the transition to Court of Justice or the assertion of claims under the so-called Energy Charter Treaty. The Spanish economic crisis has meant that, due to the budget deficit, allowances were completely deleted. This led to the existential threat for many companies.