spain renewable sector

Spanish economy 24th June 2020

Spain Approves Measures To Regulate Renewables Sector Development And Mobilise Investment

The new plan will favour the mobilisation of investments worth 90 billion euros and create 107,000-135,000 jobs per year over the next decade. The government maintains that with the orderly development of the sector, 74% of electricity in Spain will be renewable by 2030, reaching 100% by 2050.

Spanish economy 2nd March 2020

Spain Achieves A Partial Victory In The Largest Renewable Lawsuit

The arbitration proceedings started by a series of funds grouped under The PV Investors against Spain within Uncitral (a UN dependent body) have concluded. There was a minimum sentence of € 90M against the Spanish State, compared with the € 1.910 Bn claimed by the litigants. The ruling obliges the litigants to pay costs (of £13M) without any recourse, unless under very exceptional circumstances.