How much does Spain spend on solar energy?

Spain’s booming solar capacity has depended on hefty government support. (CSP plants, for example, cost about twice as much to build and operate as conventional coal-fired plants.) The Spanish government’s subsidy to solar energy providers—among the world’s most generous—is running to more than €1.5 billion, or almost $1.9 billion, a year.

Does Spain still have solar power?

Between 2013 and 2018 growth was negligible in Spain, and the country fell behind many other European countries in the development of capacity, though it retained its leading position in the deployment of solar thermal power. Growth resumed again after 2018. *Solar PV figures include only grid-connected capacity.

Which energy sources provide the most electricity in Spain?

In 2015, wind power provided the largest share at 19.1% followed by hydroelectric power at 11.1%. Solar power provided 5.2% and renewable thermal a further 2%. The total electricity supplied (demand coverage) from renewables was 37.4% of Spain's requirements in 2015.

What will Spain's new solar energy regulation mean for society?

According to the Government, the measures adopted will permit society to take advantage of the potential that solar energy can offer as it will provide an alternative to citizens and it will allow the entrance of new actors into the electrical system. With the new regulation, Spain leaves behind the era of punishment for energetic self-consumption.

Will solar sun tax boost Spain's energy transition?

Solar sun tax in Spain has now been abolished which will ultimately boost the country’s energy transition. The Spanish Cabinet has approved a royal decree, which introduces a package of urgent measures to boost the country’s energy transition.

Will solar energy surge in Spain in the next 8 years?

Solar energy in Spain is set to rapidly surge in the next eight years, demonstrating the effectiveness of national leadership combined with local flexibility and cooperative business models.