Showing posts with label massive. Show all posts
Showing posts with label massive. Show all posts

Thursday, 4 May 2017

Spain to Attract Massive Investment in Renewable Energy

Spain to Attract Massive Investment in Renewable Energy

Its n wonder with over 300 days of sunshine a year
that massive investment in renewable energy is coming again
The Spanish government hardly has the best record when it comes to supporting renewable energy. While the country has some of the highest levels of solar and wind power installed in Europe, most of these were installed before 2010; before the current Prime Minister Mariano Rajoy assumed power.

The People’s Party that Rajoy leads aren’t against the idea of clean energy. The problem is that the incentives the previous government put into place for solar power were too generous; it was impossible for the government to continue justifying them.

There was a time when Spanish home-and-business-owners who installed solar panels – or even power plant operators with solar farms – were rewarded. They were offered a good feed-in tariff that saw them get some euros in return for the kilowatts of electricity their solar solutions pumped into the national grid.

It was decided in 2011 that the scheme had become perhaps too popular, with over 8 gigawatts of solar power generated by that point. It was taking too much money out of the government, especially given the economic troubles and recession at the time.

Move forward to 2017 – and the introduction of the “Solar Tax” as it was affectionately known – and Spain is ready to become clean once again. There’s plenty of good reason why too. The southern end of Spain is one of the windiest regions in Europe, as you likely know if you’ve tried to sit at the beachside bars in Cádiz. Wind power – whether onshore or offshore – is an affordable and viable source of energy for Spain.

Add in that almost the entire country ranks in the top regions of Europe with the most sunlight and it becomes clear that Spain should become a solar power hotbed again.

This idea stands to become reality on the 17th of May, as the Ministry of Energy, Tourism, and Digital Agenda of Spain will hold a renewable energy auction for three gigawatts of clean power. This basically means that companies interested in creating a solar or wind farm will be able to “bid” for large capacities. The winning bidder will be the one who offers the most competitive price for power per megawatt-hour, and will be chosen by the Spanish Electricity Market Operator (OMIE).

It’s expected that the auction will generate plenty of interest from companies; both Spanish and international. Firms from across Germany, China, South America, and the USA are expected to join all the Spanish companies trying to land contracts.

By this time next year, there will be far more wind and solar power available in Spain, built for less than the cost of coal power. This will translate into reduced bills for average consumers, and it also means that Spain will have cleaner energy and a more secure energy future.

Thursday, 30 June 2016

Spain’s property market to attract massive investments from pensioners.


Spain’s property market to attract massive investments from pensioners.


As per the data obtained, it is indicative that majority of the wealth is held among people above 50 and hence, there is a strong speculation that a majority of their investments might be in the Spanish property markets.
Older people looking for a better quality of life are
moving to The Costa del Sol
A travel agency named Silver TravelAdvisor, which is known for conducting holidays among people aged 50 and above, stated that 80% of the private wealth of UK was summed up by people aged over 50 and they are exploring places like Iberia and Spain, which they consider to be a sound investment for their wealth.

Among the Brit expats, 14% of them are located in Spain and the expat portal of Brits known as the Brits Abroad has indicated that the property market of Spain might flood with investments, as majority of the people will be retiring soon and might strongly consider investing in Spain.
People retiring soon are rich on funds and will generally have the liberty to explore the world. However, when it comes to the place where they want to reside from then, Spain is generally the first choice, as per the Director of Kyero, Martin Dell.

Spain offers a variety of advantages, such as the excellent weather, delicious wine, healthy cuisines, beautiful golf courses and it is also rich on the cultural history. It also has sprawling architecture spread all over and has a lot to explore for retired people. The cost of living is also moderate, and people who have a decent affordability consider this to be the best place for retirement.

Despite the relative strength between pound and euro, pensioners from Britain are getting more for their money. As per the building society of UK, Nationwide, the cost of owning a house in Britain on an average is £200,251, equivalent to €255,000, making British to invest more in Spain.

Although there is no clarity about the EU referendum, the Brits are still eyeing on the property markets of Spain owing to the affordability it has to offer and the relatively lower living costs. Even today, Costa del Sol is the cheapest holiday destination in Europe, making it a tourist haven too.

Costa del Sol is now attracting real estate workers to invest more, so that they can cash in on the benefits once the EU debate has been cleared out.