Spanish Photovoltaic and Energy Storage

How many GW of PV will Spain have in a decade?

The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW. From pv magazine Spain

Is solar energy the second largest energy source in Spain?

In 2023, solar photovoltaic energy, for the first time ever, became the second largest energy source, accounting for 20.8 % of the total installed capacity in the Spanish mainland (compared to 17.1 % in 2022) and surpassing combined cycle, which dropped to third place with a share of 20.5 % of the total installed generation capacity.

How much PV capacity does Spain have in 2023?

The country's cumulative installed PV capacity reached 25.54 GW at the end of December 2023. This represents 20.3% of the Spanish electricity production mix. Around 1,076 MW of the newly installed PV capacity for 2023 came in the form of residential PV systems, while another 1,020 MW came from commercial and industrial installations.

How much money does Spain need to invest in solar panels?

Regarding the industrial plan mentioned in the draft, which addresses solar manufacturing, Donoso pointed to the budget of €1 billion ($1.09 billion) and the growing interest of panel manufacturers to invest in Spain. He emphasized the need for swift administrative authorizations and suggested promoting a “welcome packet” to attract investment.

How much solar power does the Balearic Islands have?

At the end of the year, it had a total of 333 MW of installed solar photovoltaic power capacity, 45.3 % more than in 2022. As a result, renewable power capacity accounted for 16.9 % of the total Balearic Islands power generation capacity in 2023, compared to 12.8 % in 2022.

What is the future of photovoltaics?

The document acknowledges that the distribution of technologies is subject to change based on factors such as technology advancements, costs, availability, and integration capacity. It emphasizes the potential of photovoltaics, projecting a capacity of 76 GW by 2030, including 19 GW for self-consumption.