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Renewables contribute 8,525 million and have no relation to the tariff deficit, according to Deloitte

Posted on December 14, 2010

Renewable energies contributed 8,525 million euros to the Gross Domestic Product (GDP) during 2009, of which 6,170 million correspond to their direct contribution and another 2,355 million to the indirect, according to the study of the macroeconomic impact of these technologies in Spain during the past year, presented by Deloitte.

The contribution of renewables is equivalent to 0.81% of GDP and exceeds other sectors such as textiles (0.57%), fishing (0.21%) or leather and footwear (0.18%). By technologies, photovoltaics made 44% of the contribution, compared to 31% of wind and 10% of biomass.

However, Deloitte recognizes that in the case of photovoltaics, which in 2009 suffered a strong halt and the loss of 15,000 jobs, it has taken into account in the preparation of its calculations some 2,800 million of income derived from the sale of electricity, that is, from the premiums received.

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During the year, all renewables received 4,604 million in premiums, but avoided fuel imports for 2,137 million and CO2 emissions for 374 million. In previous years, premiums had always been lower than the sum of these two previous variables.

Apart from these two positive contributions, renewables contributed 198 million in investments in networks, 344 in investments in R & D, 542 million in taxes and 148 million in health expenses that should have been faced to serve people exposed to other sources of generation displaced by 'green' technologies.

On the other hand, Deloitte assures that the entry of renewable energies into the electricity market allowed during the past year to lower the price of energy by 4,830 million euros, and affirms that in 2020 it will be cheaper to generate electricity with renewables than with combined cycle plants.

Deloitte also says that "there is no direct relationship between the evolution of the tariff deficit with the premium received by renewables or with their penetration into the national electricity system."

To demonstrate this hypothesis, it offers a table in which it can be seen that the cumulative increase in premiums since 2005 is not accompanied by a similar evolution in the tariff deficit, the amount of which has been oscillating in each of the years. (EUROPA PRESS)

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