The wind power sector increases its contribution to Spanish GDP

FuturENERGY November 18

The total contribution of the wind power sector to GDP for the period 2012-2017 was €16.379bn. In 2017, the direct contribution to GDP amounted to €2,300.8 million, representing an increase of 57% on 2016 results. This one of the main conclusions taken from the new edition of the ‘Macroeconomic Impact Study of the Wind Power Sector in Spain’, drawn up by consultancy Deloitte, which provides a detailed analysis of Spain’s wind power sector over the last two years, 2016 and 2017, as well as for the previous period 2012-2015. So that wind power remains an important sector for the Spanish economy, it is necessary to make progress in five key areas: regulatory stability; long-term visibility; the formulation of an appropriate system that guarantees reasonable profitability; an auctions system with an established calendar; and regulation to repower and extend the service life of wind farms.