Renewable Energy in Spain; What you Should know.
The trend of energy usage from various energy sources in Spain tells that a revolution is growing. Merely looking at how development has moved in Spain, we see clearly that the increased consumption of energy has called for increased power generation over the years. In 2011, only 249.7TWh of 276.8TWh of the energy produced in Spain was consumed, and it was still a large amount. Spain is currently populated by 47.1 million people, and each citizen relies on energy for their activities. Spain is the sixth-largest energy consumer in Europe and mostly has to import fuel. This is a result of the lack of abundant petroleum resources.Generally, fossil fuel, wind, solar, nuclear, and hydroelectric energy sources are actively utilized in Spain. However, Spain is one of the countries that has started working actively to reduce reliance on fossil fuels. Right from the early 2000s, Spain has been making efforts to focus more on renewable energy. While this is major because of the adverse effects of fossil fuels on the environment, it has also brought advancements in energy management and proper utilization.
The Growth of Renewable Energy in Spain.
To date, Spain keeps making progress in the production and use of renewable energy. For a country that used to import a lot of coal and release subsidies for the cause, the new changes have a great impact on the economy. Some highlights in the trend of events relating to renewable energy in Spain are listed below.[caption id="attachment_8457" align="aligncenter" width="1024"]
Credit: Markel Redondo/Greenpeace[/caption]
- The global recession in 2008 significantly reduced the power generation rate in Spain by 11%, yet the market keeps bouncing back.
- Significant progress has been made in the generation of power from renewable energy. On barely comparing 2016 and last year, we see the difference is clear. Despite the COVID-19 outbreak, renewable energy generation in 2020 was 43.6% of gross electricity generation, which is an improvement from the 39% produced in 2016. In the newsletter by the Spanish grid operator - Red Electrica de Espana - it was recorded that this was the highest recorded so far.
- Wind energy has become a major part of the renewable energy sector, but solar photovoltaics are still coming up, despite the vastness of solar resources. Last year (2020), the reduction in overall power demand did not stop renewable energy sources from flourishing.
The Challenges Facing Renewable Energy Policies in Spain
Spain had set a target in 2014 to be met for renewable energy by 2020: 42.6% of total electricity generated. Moreover, in 2018, the goal has been increased to 70% by 2030. Consequently, the renewable energy regulations in Spain also say that emissions must be reduced by 20%.
Even with all of these bright sides, a major challenge to the effective use and implementation of renewable energy in Spain is the lack of resources, successive change in governments, and so much reliance on government as regards renewable energy. As governments change, policies have changed.Despite the situation, the European Union approved a support scheme earlier this year to support energy-intensive companies in Spain. This scheme, which is set to run till December 2022, is a great investment. Their government would carry out more projects, and renewable energy will be of great benefit to the energy status of Spain. This was done under EU state aid, and it is truly of great help.
Ongoing Renewable Energy Projects and Initiatives in Spain.
These projects reflect a deep commitment to development and sustainability. Solar and wind power generation have the highest percentage of renewable energy in Spain. Some examples of projects and initiatives on each (solar and wind power) are highlighted below.
1. Total Solar Project in Spain
Total Energies is planning to thrive on the promising solar market in Spain. Total is currently planning to enter the solar market via partnerships. Two partners have agreed on the two gigawatts (2GW) solar projects - Powertis and Solarbay Renewable Energy. This project would make a great impact on the renewable energy sector of Spain.The partnership between Total Solar International and Powertis is a 65%-35% one that would need Powertis to bring a pipeline of 800MW. This project started last year. Also, Total is obtaining all 1.2GW portfolio of projects by Solarbay. The projects are all to end by the latest 2023.
2. Wind Power Generation by Various Companies - Enel Green Power's Wind Farm
Certain suppliers of wind energy in Spain (Gamesa Eólica, Alstom Wind, Acciona Energy, Iberdrolla, MTorres, and the rest) are still going strong in their operations. As of 2015, Spain became the fifth biggest wind power producer in the world. Producing up to 48,118 GWh of power from wind turbines that year, which formed 19% of the total power generated.
Enel Green Power is currently building a wind farm in Spain with an investment of €181 million ($220 million). This project would feature 43 wind turbines and can generate up to 471GWh of clean energy. The project aims to meet one of the major goals of renewable energy development - reducing carbon emissions. Consequently, when this project comes fully up by next year as we expect, it will offset up to 385,505 tonnes of carbon emissions. This is a big one for the progress of renewable energy in Spain.
For a study period of 2020-2026, experts have it that the CAGR of the renewable energy market in Spain would be more than 6%. This is a result of encouraging government policies and the need to reduce climate-damaging emissions.Solar power installations are projected to be up to 30GW by 2030. This would be significant in moving renewable energy in Spain forward. Also, the market of offshore wind power has remained untapped and would give opportunities in the next ten years.Optimistically, another projection for Spain is the tendency to outdo the predictions for renewable energy additions. Argus' monitoring of proposed wind projects envisions a higher level of wind power generation in a few years.ConclusionSpain has come a long way and can fight through its challenges for the sake of improving renewable energy. From the generation of power to utilization, the energy stakeholders in Spain need to maximize available resources and smart grid technologies to meet up with the bright future catching up with the rest of the world.