With an average of 300 sunny days a year, the sun always seems to be shining on Mallorca. Since last spring, the final vestiges of the much-despised “sun tax” were put to rest by a Royal Decree that encourages collective self-consumption and the expansion of renewable energy options.
This step is HUGE for Mallorca, indeed all of Spain, as it now puts the country in line with its European neighbours in hitting the EU’s 2030 clean energy targets. More importantly, gives the people a chance to drastically lower energy bills whilst being good to the environment.
What exactly does collective self-consumption mean? Well, it’s a plan that allows small businesses and individuals to band together to make the most of new solar panels and their installations.
People in adjacent buildings can now, on the same installation, have the same benefits, even if one building has better orientation and more panels on it, so long as all parties are in agreement. Administrative procedures have also been simplified and a streamlined system has been created to compensate those with self-produced and unconsumed energy.
This new plan has also paved the way for more players in the photovoltaic market. Simple economics tells us what that means for consumers. More availability means lower prices, making this once out-of-reach option a viable choice. Couple this with the fact that it is an environmentally friendly pick and that electricity bills, which are amongst Europe’s highest, will be reduced.
On Mallorca, an example of this type of collective self-consumption is being launched by Som Energia, who are creating 100 “turnkey projects of photovoltaic self-production”, and people are signing up by the dozens.
Solar Energy in Mallorca – State Programmes
The state is also getting on board. Now that they have agreed to EU sanctioned sustainability standards, they are putting their money where their mouth is. The SOLBAL programme, launched by the Spanish government and co-financed by the European Regional Development Fund, has offered €40 million in subsidies to support new solar panel installations in the Balearics. As of last summer, 56 proposal applications had been submitted, 47 of which are on Mallorca. The sum total of the power that these projects will generate stands at a staggering 335Mw.
Lower energy bills and clean, renewable energy are coming the island
thanks to one of our biggest assets…the sun.
Developers of parks with capacities below 10 Mw can receive aid for up to 30% of the project budget and parks larger than 10Mw can expect funding to cover 20% of the overall budget. The winning projects will have to be finalized by the end of 2022, meaning this is all happening very quickly, especially for a government project. Good news all around!
So, now that Mallorca is looking to solar powered solutions to high energy costs and cleaner consumption, shouldn’t we, as consumers, be doing the same? Now is the time to take another look at solar power!