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Spain unveils energy-saving plan with focus on solar energy

Spain has unveiled a new energy-saving plan which focuses on renewable energy, particularly solar panel installations.

The new plan was approved by Spain's cabinet on Tuesday.

According to the statement issued by the energy ministry, “the plan includes new tax breaks on renewable energy and financial incentives to encourage more households to use solar panels and install smart meters.”

The plan has been launched to help cut the country's natural gas consumption by up to 13.5 percent by March.

According to the ministry, as part of the planning, it will make available more funds for small- and medium-sized businesses to help them to adopt energy efficiency measures and renewable energy.

Besides, the ministry plans to increase its capacity to export gas to other European Union member states.

The latest development comes following the urge by the EU to cut gas use from August to March by up to 15 percent.


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