In Spain, Energy Savings Certificates (CAE) can be bought and sold after validation and registration in the National Registry of Energy Savings Certificates.
The minimum content of the CAE Agreement, designed for the procurement or transfer of energy savings by a delegated or obligated entity, is outlined in Order TED/815/2023, dated July 18th. This order partially elaborates on Royal Decree 36/2023, of January 24th, governing the system of Energy Saving Certificates in Spain.
RD 184/22 establishes the legislative framework for companies wishing to enter the Spanish market as electric vehicle charging service providers. It sets out a series of obligations and rights in the provision of such services.
An escrow agreement is a contract between 3 parties: the buyer, the seller, and an impartial third party called the escrow agent. The escrow agent holds money or assets until certain terms of the agreement are met. Law firms can act as escrow agents, providing agility, security, trust and cost savings in business-to-business transactions.
The approval of temporary regulations by the EU and the Spanish Government to speed up the processing of EIS (environmental impact statements) provides an incentive to boost the development of renewable energy projects in Spain.
In Spain, CBD lacks specific regulation and is governed by international conventions and the oversight provided by the Spanish Agency for Medicines and Health Products (AEMPS).
CBD, a chemical in the Cannabis sativa plant, has gained popularity in Spain and other countries due to its medicinal properties. The Court of Justice of the European Union has approved its sale. Despite limited regulation in Spain, there are adequate control mechanisms for CBD sales.
NCMC’s Circular 1/2021, dated 20 January, develops a regulatory framework whose primary purpose is to facilitate grid access to electricity producers, including energy storage facilities. It removes obstacles that could prevent access to new market operators and electricity from renewable energy sources.
Royal Decree-law 23/2020 approves a new framework that identifies a series of steps to develop energy projects in Spain. It highlights a higher degree of compliance and certainty for the energy market but implies a higher level of risk for developers and investors.
Solar plants in Spain require many legal requisites, including securing the land rights where they will be located, requesting access points and connection to the electricity grid and depositing guarantees.
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