is one of the best destinations at a global level for the registration of a business
operating in the electricity sector
. Investors who are interested in opening a company in Spain
should take into consideration that this country is one of the leading jurisdictions for green energy
as well, which, in the last years, became a major component of the local economy.
Green energy in Spain in the first quarter of 2018
Spain has pledged to increase the share of the green energy in the total energy production by up to 20% no later than 2020. However, the data recorded in the last two years offer even better results and, in the first quarter of 2018, the green energy accounted for 45.8% from the total demand of the country (the main sources of green energy were obtained from hydro and solar energy).
Compared to the previous year, the energy
obtained from hydropower sources
increased by 74%
, due to the favourable weather conditions, while the energy
deriving from wind power increased by 10.4%
. Our team of specialists in company formation in Spain
can offer in-depth assistance on the main rules of law regulating the green energy sector
Regulations for renewable energy companies in Spain
applies a national legislation
regulating the renewable energy sector
following the European Union’s directives. The Spanish legal framework
is given by the Electric Sector Law
and the Royal Decree 413/2014
, which can be detailed by our team of consultants in company registration in Spain
Under the latter mentioned legislation
operating in the renewable energy sector
can benefit from certain incentives
. At the same time, all companies
operating in this industry must obtain special permits
and receive certificates
, granted prior to starting any business activities.
When building a power plant in Spain, the investors will need to obtain the following:
• prior administrative authorization;
• approval on the execution project;
• operating license.