Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 15, 2025

Spain is reviewing grid investment cap, energy minister says

MADRID (Reuters) - The Spanish government is in the process of reviewing a cap set on how much companies can invest in power grids, Energy Minister Sara Aagesen said on Wednesday.

"We are reviewing the limit for investments in grids and transmission and distribution systems," she said at the Spanish Investors Day event in Madrid.

"We agree with Europe that we need more investments."

Renewable sources like wind and solar are breaking records in Spain. Their intermittent and distributed nature has made strengthening the network a key step to achieve the country's ambitious green energy targets and support investments in data centres and other businesses requiring vast amount of energy.

However, under Spanish rules, the amount of money energy companies can pour into networks is limited to a small percentage of the country's gross domestic product, since consumers ultimately bear the cost with their bills.

For distribution networks, for example, the limit is 0.13% of GDP.

(Reporting by Pietro Lombardi, editing by Inti Landauro; editing by Bernadette Baum)

Recommended for you

  • Chipmaker NXP gets 1 billion euro loan from EIB for European projects

  • Euronext affirms M&A interest in Spanish BME, Nasdaq Nordic

  • ECB to cut rates four more times by mid-year, say economists - Reuters poll