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05/08 Spanish solar energy feed-in tariff
The Spanish renewable energy industry as a whole has experienced rapid growth
since the introduction of a Feed-In Tariff (FIT) that helps to ensure a stable income for investors. One technology that has particularly benefited from this is that of solar
thermal power, also known as Concentrating Solar Power (CSP). Using mirrors to concentrate the sun’s heat, boil water and drive a steam turbine, CSP is the cheapest form of solar energy, and has huge growth potential.
Today, Spanish companies are leading the world in the development of CSP both inthe construction of CSP plants in Spain and around the world. Spain’s FIT legislation has provided the necessary incentive to encourage the growth and development of
the CSP industry.