Country:Spain
Year:2002
Policy status:Ended
Date Effective:2002
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans, Economic Instruments
Energy Efficiency Policy Targets:Multi-Sectoral Policy
Renewable Energy Policy Targets:Multiple RE Sources, All
Policy Sector:Multi-sectoral Policy
Agency:Instituto de Crédito Oficial (ICO)
URL:http://www.idae.es
Funding:€30M
Energy Efficiency Description:

Under the Plan for the Promotion of Renewable Energy in Spain (Plan de Fomento de las Energías Renovables en Espana, PFER) prepared by IDAE (the Institute for Diversification and Saving of Energy) on the basis of Law 54/1997 on the Electricity Sector (Ley 54/1997, del Sector Eléctrico), the Oficial Credit Institute (ICO) and IDAE provided a credit line for investment in renewable energy and improving efficiency projects (saving and fuel switching in industry, energy efficiency in buildings, etc). Public finance would back up to 70% of the project investment by means of loans at low interest rates, between 2-5%. The programmes total budget for 2001 was € 9.62 million.

Renewable Energy Description:

Under the Plan for the Promotion of Renewable Energy in Spain (Plan de Fomento de las Energías Renovables en Espana, PFER) prepared by IDAE (the Institute for Diversification and Saving of Energy) on the basis of Law 54/1997 on the Electricity Sector (Ley 54/1997, del Sector Eléctrico), the Oficial Credit Institute (ICO) and IDAE provided a credit line for investment in renewable energy and improving efficiency projects (saving and fuel switching in industry, energy efficiency in buildings, etc). Public finance would back up to 70% of the project investment by means of loans at low interest rates, between 2-5%. The programmes total budget for 2001 was € 9.62 million.

Climate Change Description:

In 2002 - under the Renewable Energy Plan 2000-2010 - a financing line has been provided by the Oficial Credit Institute (ICO) and the Institute for Diversification and Energy Saving (IDAE) for renewable energies and improving efficiency projects (saving and fuel switching in industry, energy efficiency in buildings, etc.). The maximum that could be financed in a project would be 70% of the investment by means of loans at low interest rates.

Last modified: Tue, 02 May 2017 17:48:37 CEST