SolarPower Europe´s EU Market Outlook for Solar Power 2020-2024 Report highlights that
Spain is moving forward but still has to overcome some challenges in order to optimize performance and reinforce the role of the industrial PV sector.
Despite the severe conditions related of COVID-19 pandemic, 2020 has been overall a good year and Spain is still part of the selected Top-5 Team (alongside Germany, Holland, Poland and France).
Far from 2019 historic record for solar PV (+4.5GW), the estimates for new capacity in 2020 are in the range of 2-3GW, mainly driven by PPAs/merchant structures in the absence of public subsidies or auctions.
Despite this, the Spanish Government initiatives to foster renewable energy deployment has been awesome. Not just The Spanish National Energy and Climate Plan (NECP) has been approved (c. 40 GW of solar PV by 2030) but new remuneration scheme for renewables and national self-consumption strategy have been promoted over 2020 and there will be in place very soon to reinforce Spanish Energy Transition targets.
SolarPower Report highlights a steady deployment of new solar PV capacity in Spain over the coming years. With a forecasted new capacity of 3.1GW in 2021 and 3.49GW in 2022 the capacity peak of 3.77GW would be reached in 2023 and 2024 corresponding this growth primarily to utility-scale plants.