A brief guide to the implementation of the Renewable Energy Order

The Ministerial Order IET/1045/2014 of 16 June, approving the remuneration parameters for standard facilities applicable to certain facilities that produce electricity from renewable energy sources, cogeneration and waste, is the last piece in the new remuneration scheme for these facilities. Given the magnitude of the rule, this document aims to provide some guidance on how to calculate the remuneration of a specific facility.With the publication in the Official Journal of Spain (B.O.E.) of 20 June 2014 of the Ministerial Order IET/1045/2014 of 16 June (hereinafter, the Renewable Energy Order or the Order), the special remuneration scheme under the Electricity Sector Act 54/1997 – implemented by Royal Decree 661/2007 of 25 May, regulating the production of electricity under the special scheme and other supplementary regulations – is definitely bygone…