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Why does Spain lead in photovoltaic energy?

A few days ago we learned the news that Spain in 2023, was the sixth country by new solar capacity added, with a total of 7.7 gigawatts and the sixth in the world by cumulative solar capacity, with 37.6 GW, according to the latest report of the IEA-PVPS.

Moreover, it is the country with the highest solar PV penetration in the world, with a rate of 21.1%, ahead of the Netherlands (20.5%) and Chile (19.5%).

Spain has managed to position itself as a world leader in energy
photovoltaics due to several key factors:

Natural resources: Spain has a large number of hours of sunshine per year, which makes it an ideal place for solar energy generation.

Support policies: The Spanish government has implemented policies to support renewable energy, including renewable energy auctions that have resulted in the installation of large photovoltaic power capacity.

Advanced technology: Spain is a leading country in the manufacture of photovoltaic technology thanks to its leading companies in the entire value chain (power electronics, trackers, structures, design, specifiers, developers, etc.).

But what are the benefits of photovoltaic energy in Spain?

Photovoltaic energy offers numerous benefits:

Clean energy: Photovoltaic energy generates clean energy that does not emit greenhouse gases.

Green jobs: The photovoltaic industry creates green, local and quality jobs. At the beginning of 2020, more than 59,000 people were working in the PV sector in Spain.

Economy: Photovoltaic energy contributes directly to Spain’s GDP. In addition, photovoltaic technology in Spain has reached the highest level in the world.
grid parity, which means that photovoltaic power generation does not need incentives or subsidies to compete in the market with other PV generation.
generation technologies.

What future challenges does photovoltaic energy face in Spain?

Despite its leadership in photovoltaics, Spain faces several challenges in the future:

Ambitious targets: According to the National Integrated Energy and Climate Plan 2021-2030 (PNIEC 2021-2030), it is expected that the capacity of the country’s energy sector will increase by
solar photovoltaic power will reach 39 GW by 2030, with 12.12 GW already installed by June 20211. This will involve investments of approximately
million euros.

Need for storage: As PV capacity increases, so does the need for storage solutions.
energy storage to handle the intermittency of solar generation.

Regulation and permitting: PV expansion requires an adequate regulatory framework and an efficient permitting process.

In summary, Spain has made great progress in the adoption of PV, but still faces significant challenges.
to continue its leadership in the future.

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