The New Offshore Wind Regulation

The Government has finally approved Royal Decree 962/2024, of 24 September, which regulates the production of electricity from renewable sources in offshore installations.

This Royal Decree regulates the production of electricity in offshore renewable installations located in all marine waters subject to Spanish sovereignty or jurisdiction, as well as those located in zones I and II of ports of general state interest (hereinafter, the 'Royal Decree')

The regulatory text provides for a competitive procedure, which is necessary to initiate the processing of the authorisations provided for in the electricity regulations, by means of which the following rights are granted:

1. The economic regime for renewable energies.