SolarPower Europe and Spanish Solar Association, UNEF, have teamed up with the Intersolar organizers to shed light on Europe’s new solar boom market – Spain. Intersolar Summit Spain will take place in Barcelona on June 18, 2019, to discuss the PV market development in Spain, the opportunities of the announced grid parity, corporate sourcing models, regulation and policy issues.
The event will bring together more than 200 attendees, gathering the key stakeholders in this market, which is being driven by auctions and increasingly by subsidy-free corporate sourcing of solar power.
Spain’s solar market is reignited
261.7 MW of new PV systems were installed in Spain in 2018 according to the provisional numbers of Spanish solar energy association UNEF. Compared to the newly installed 135 MW in 2017, this is an increase of 94%. There is every indication that the difficulties of the previous years of the Spanish renewable energy industry will be overcome.
Price cuts have been the main drivers for the solar market growth in Spain last year. These include lower production costs, better frameworks for self-consumption of solar power, and the cancellation of fees and charges such as the sun tax. These developments are very promising and doubtlessly appropriate for a country that is blessed with one of the best conditions for solar energy in Europe.
This year, around 4 GW from auctions alone are likely to be installed, which might turn the country into Europe’s #1 solar market. The growth potential of low cost solar goes far beyond government auctions. With a pipeline of over 30 GW of subsidy-free solar projects for corporate sourcing, Spain is the place to go for anyone interested in large-scale solar power.
The Spanish government has also just set ambitious 2030 targets for renewable energy – aiming to achieve a 35 percent share of renewable energy in final energy consumption. By 2050 Spain plans to achieve 100 percent renewable electricity, and to cut carbon dioxide emissions by 90 percent compared to 1990. This will require €200 billion in public and private investments.
SolarPower Europes’ positive prospects for the Spanish solar industry are therefore not surprising: 8.8 GW new capacity will be added by 2022 in their medium scenario. The total capacity will result then in 14.6 GW at the end of 2022. Spain belongs therefore to the top 15 solar markets worldwide in respect to the forecast PV additions.
Corporate sourcing is on the rise
Solar energy will become cost-competitive with fossil energies in the coming years, which will favor new business models and sales opportunities. Intersolar Summit Spain is therefore not only dedicated to the solar market developments in Spain but also to the promising Corporate Sourcing models and Power Purchase Agreements (PPAs) with their assets and drawbacks.
Current projects have shown that renewable energy plants are able to generate power at the same or even lower prices as fossil power plants. Among the expected 200 attendees will therefore also be buyers from companies searching for corporate sourcing solutions.