Again bad news for the energy sector. On December 27th the law 15/2012 on tax for energy sustainability was passed. In short, the Act introduces a new tax of 7% for any type of power generator, independently if it is in special or ordinary regime. This measure, combined with earlier ones, remembering RDL 14/2010 establishing … Read more
Yesterday the Cabinet approved RD 661/2007, an amendment with retroactive effect that regulates the activity of special production under special regime. The new regulatory framework is completely unfavorable to existing investments and provides a picture of complete distrust for investors, especially if foreign, on legal certainty of Spain as a sovereign state. Besides establishing time … Read more
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