The leader 483

Page 1

No 483

Tuesday, 20th August, 2013

Tel: 96 673 0057

SPAIN TO INTRODUCE TAX ON SUNSHINE

There are few places in Europe that get as much sunshine as Spain, a benefit that has propelled the country to the forefront in both tourism and in the development of solar energy. Indeed there is so much electricity gathered from the sun that much of it is now being exported. But how long for you might wonder as it seems a dark cloud is now gathering over many of the country’s small-

est collectors. Just last week Spain announced that it is about to tax sunshine. Many experts agree that the proposal is simply to shore up the country’s heavily subsidized energy industry. The government has announced that it is to introduce a new tax on electricity generated from solar power or any other renewable on site resources. The tax is the subject of a new bill that is going through parliament, albeit at this stage only as a draft proposal which is currently being reviewed by industry regulator CNE. Continued on Page 2


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