Power Generation and Cumulative Capacity of Solar Thermal Power Plants in Spain (2017 – 2021)
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Net electricity generated by Solar Thermal power plants in Spain reached 5,221.9 GWh in 2021, growing 15.0% YoY
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During the same year, the cumulative capacity of Solar Thermal power plants in Spain reached 2,304.0 MW, declining 0.0% YoY
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Power generation recorded a historical decline at a CAGR of 0.6% between 2017 and 2021, while the cumulative capacity decline at 0.0% between 2017 and 2021
Power Generation and Cumulative Capacity of Solar Thermal Power Plants in Spain (2017 – 2021)
With the increasing demand for energy, rising levels of pollution, fear of global warming, scarcity of fossil fuels, and increasing levels of greenhouse gas (GHG) emissions, many countries opted for sources of clean renewable energy. Several countries signed protocols with pre-defined emission reduction targets. The Paris Agreement is the most recent initiative in this direction, whereby each country voluntarily determined and presented its emission reduction target and pledged to achieve GHG reduction according to this target. Several countries that are party to the Paris Agreement devised plans to reduce conventional power and aid the growth of renewable power to reduce emissions. The main renewable energy sources are Hydro, Geothermal, Wind, Solar, and Biopower.
Solar Thermal Power, also known as concentrating solar power (CSP), produces electricity by obtaining energy input by concentrating solar radiation and converting it into high-temperature steam or gas to run a turbine or motor engine. Solar energy helps reduce greenhouse gas (GHG) emissions for factories where Scope 1 and 2 emission factors are a concern, as this renewable source could be installed on-site and replace energy extracted from conventional sources.
The global installed solar thermal power capacity increased from 1,106.3 megawatts (MW) in 2010 to 6,596.6 MW in 2020, at a compound annual growth rate (CAGR) of 19.5%. The global installed solar thermal power capacity is expected to reach 14,172.8 MW by 2030. In 2021, the top five regions in the solar thermal power market are Spain, the US, China, South Africa, and Morocco.
Spain is the largest solar thermal power market, with cumulative wind installed capacity of 2,304 MW as of 2021, growth was during 2017–21. The solar thermal power market in the country generated 5,222 GWh of electricity in 2021, which declined at a CAGR of 0.6% during 2017–21.
Spain’s energy policies focus on the promotion of renewable sources for power generation to increase the share of renewable energy in the total power mix. A new regulation for electricity production was enacted in 2007, to promote the generation of power from renewable energy sources by providing a Special Feed–in. This new regulation aims to give special grants for the new renewable power plants in the mainland electricity system which would likely boost the renewable’s market in Spain.
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