Análisis de las implicaciones financieras de la reforma eléctrica en una instalación tipo de energía renovable
The Royal Decree 413/2014 establishes the new remuneration system for generators of electricity from renewable energy sources, cogeneration and waste, based on the concept of reasonable profitability. In this paper, after explaining the background that led the Government to undertake this reform, it is analyzed at first the skeleton of the new salary basis. Then in a second stage the economic and financial implications of the reform for a particular installation fictitious, framed in a particular installation type category, are studied. This requires a feasibility analysis. The method can be extrapolated to any other type of project. The analyzed installation is a mini hydropower plant of 10 MW capacity, which gets the final operating license in 2007, with the installation type assigned to the IT-00708. 35% of the project is funded by the contributions of the partners and the other 65% by a long-term loan, articulated through a project finance. This analysis will include the 25 year life of the plant. In the first scenario analyzed the remuneration over the 25 years of analysis comes from the feed-in tariffs. In the second scenario, feed-in tariffs changes by mid-2013, passing to the specific fee system established in the reform studied.