Spanish Energy Reform: approval of the Ministerial Order IET/1045/2014 of 16 June, the last piece of legislation that confirms the new remuneration scheme applicable to electricity generation facilities based on renewable energy, cogeneration…

The Official Journal of Spain has published Ministerial Order IET/1045/2014 of 16 June, approving the remuneration parameters for standard facilities, applicable to certain electricity production facilities based on renewable energy, cogeneration and waste («MO IET/1045/2014»). After a delay of almost one year, MO IET/1045/2014 reveals the remuneration scheme applicable to all those facilities that on 14 July 2013 were entitled to participate in the special economic scheme as well as to those that meet the requirements set out in the fourth additional provision of Royal Decree 413/2014 of 6 June and the fourteenth additional provision of the Electricity Industry Act 24/2013 of 26 December…