Spanish solar glass power generation

Is solar power a good investment in Spain?

Since he took power in 2018, energy developers have built solar parks, proved that power generation had attractive returns and pulled in capital from yield-hungry investors. In 2023 and 2024, Spain added more solar power capacity than any other European country except Germany, whose economy is more than twice its size.

How much solar power does Spain have?

Today Spain has 36GW of total solar capacity and the government’s target is to reach 76GW by 2030. Spain has limited options for the surplus energy on its hands. Exporting large volumes to the rest of Europe is unfeasible because its grid links to France are limited. So the solution to the glut is storage.

Is solar energy a renewable resource in Spain?

Although wind is currently the most used renewable resource in the Mediterranean country, solar energy is growing at a very fast pace. In fact, the solar capacity installed has more than quintupled in the last five years. In 2023, Spain was the sixth country worldwide in terms of new capacity additions.

Where is solar power based in Spain?

The company currently operates 2.4GW of solar capacity, predominantly in southern Spain where solar resources are most abundant. Their integrated approach combines solar generation with storage solutions and smart grid technologies, creating more reliable and valuable renewable assets.