The new energy reform in Spain puts an end to Austrias wind power plans - report
Jul 16, 2013 - The overhaul of the Spanish energy sector with a moratorium on any further award of renewable incentives is practically making installation of new wind power plants in Asturias, northern Spain, unlikely, news portal La Nueva Espana quoted sector sources.
Following the power sector reform, which entered into force last week, investors will have to sell wind farms' electricity on the wholesale market without getting any subsidies.
As a result, the plan of the local government in Asturias to reach a capacity of 1,500 MW installing wind turbines mainly in the western part of the region is now hard to achieve. Currently, the region has 18 wind parks with a total 512 MW.
The measures of the central government will eliminate a EUR 4.5 billion (USD 5.884bn) tariff deficit expected for this year, industry minister Jose Manuel Soria said. The cost for companies will reach EUR 2.7 billion, while the government and consumers will absorb EUR 900 million of the costs each.