Brussels approves Spanish support scheme for renewables

The European Commission has approved a Spanish scheme for supporting electricity generation from renewable sources.
By Staff reporter 10 November 2017 0 28331

The European Commission has approved a Spanish scheme for supporting electricity generation from renewable energy sources, it said on Friday.

Under the scheme, beneficiaries receive support through a premium on top of the market price of electricity, which is in line with the commission's recommendations for such schemes. In 2016, Spain’s annual payments under the scheme amounted to €6.4 billion ($7.5 billion), the commission said.

"The Commission concluded that the Spanish measure will boost the share of electricity produced from renewable energy sources, in line with EU...

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