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Royal Decree Law to incentivise investments in renewable energies

Source: IEA/IRENA Renewables Policies Database
Last updated: 19 July 2021

The Royal Decree-law is divided into four blocks. The first includes the regulation of access and connection and regulates a new auction mechanism to provide renewables with a predictable and stable framework. The second focuses on the promotion of new business models that will be key in the coming years (system liquidity), as is the case of demand aggregation, storage and hybridization. Third, the Royal Decree-Law addresses the promotion of energy efficiency by making the National Energy Efficiency Fund more flexible (agility and legal security of the environmental regulation, by modifying the Environmental Assessment Law); and, finally, a series of sectoral measures are established to boost economic activity and employment in response to the COVID-19 crisis (including the release of the Second Digital Dividend).

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