rdl 23/2020 spain › Legal Services Spain

The enforcement of financial guarantees in photovoltaic projects in Spain

The submission and acceptance for prior administrative authorization, the favourable environmental impact statement, or the administrative authorization for construction are some administrative requirements established in the new Royal Decree-Law 23/2020.

The enforcement of financial guarantees in photovoltaic projects: The Royal Decree-law 23/2020

Royal Decree-law 23/2020 approves a new framework that identifies a series of steps to develop energy projects in Spain. It highlights a higher degree of compliance and certainty for the energy market but implies a higher level of risk for developers and investors.