How much solar PV will Spain have by 2030?

This is up 1GW from the targets proposed last year in Spain’s updated NECP. On the other hand, solar PV’s target remains the same as previously reported by our sister site PV Tech last year. By 2030 the country aims to have 76GW of solar PV, including 19GW of self-consumption.

What is the future of solar energy in Spain?

The leading annual capacity additions and significant investments in solar PV are solidifying Spain's position as a major player in the global solar market. While challenges exist, the future of solar energy in Spain is bright, promising substantial growth and a pivotal role in the nation's energy transition.

How much solar PV generation is generating in Spain in 2023?

In April of 2023, solar PV generation achieved 22% share in total demand in peninsular Spain, its highest share of 2023. However, during that month, given the generation profile of solar PV assets, captured revenues from the wholesale market accounted for only 63%, a metric known as the capture ratio.

How many GW of solar power are there in Spain?

Currently, over 55 GW have secured grid access and must be built before the end of 2025 to maintain its access; the potential for oversupply looms. In April of 2023, solar PV generation achieved 22% share in total demand in peninsular Spain, its highest share of 2023.

How is Spain adapting to new solar regulations?

Spain's solar energy sector is adapting to new regulations designed to streamline project development and boost solar power adoption. A revised policy has replaced the former Feed-in-Tariff (FiT) scheme in Spain, creating a transition period for solar producers.

How does Spain support self-consumption solar PV?

Spain has implemented various support measures to encourage the adoption of selfconsumption solar PV systems: • Capital Subsidies: The Spanish government, through programs like the Next Generation EU funds, has provided subsidies to offset the initial costs of installing solar self-consumption.