An additional 24 MW of grid-connected capacity were installed in Spain in 2005, up by almost 300 % on the previous year.

Final figures for 2005 are not yet in, but indications are that an additional 24 MW of grid-connected capacity were installed in Spain in 2005, up by almost 300 % on the previous year. This is largely a result of the attractive feed-in tariff which is giving investors confidence that PV systems represent a profitable proposition. Venture capital funds and financial entities are looking with interest at the new business.

At the same time, the government has revised upward its target for PV installed capacity by 2010 from 135 MW to over 400 MW.

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