Spain Wind Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Published: September 04, 2024 Report Code: GDAE7587IDB-ST

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Spain Wind Power Market Report Overview

In 2023, the cumulative installed capacity for Spain wind power market was 30.9 GW and will grow at a CAGR of more than 6% during 2023-2035. In 2023, onshore wind was the dominant source of wind power generation across the country.

Spain Wind Power Market Outlook 2023-2035
Spain Wind Power Market Outlook 2023-2035
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The Spain wind power market research report discusses the renewable power market in the country and predicts future outcomes until 2035. The report also gives detailed coverage of the renewable energy policy framework governing the Spain wind power market.

Cumulative Installed Capacity (2023) 30.9 GW
CAGR (2023-2035) >6%
Historical Period 2015-2022
Forecast Period 2023-2035
Regulations ·       Electricity Law 24/2013

·       Royal Decree-Law 23/2020
Key Power Type ·       Onshore

·       Offshore
Leading Companies ·       Naturgy Energy Group SA

·       Elecnor SA

·       9REN Group

·       Eolia Renovables de Inversiones SCR SA

·       EDP Renovaveis SA
Key Active Plants (Onshore) ·       Gecama Wind Project

·       Tico Wind Farm

·       Torozos Wind Farm

·       Cuevas de Velasco

·       La Cerradilla
Key Deal Type ·       Asset Transactions

·       Acquisition

·       Debt Offerings

·       Partnerships

·       Private Equity
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Spain Renewable Energy Policy Framework

  • The Electricity Law 24/2013 was approved by the Spanish government on 26th December 2013 and was implemented on 28th December 2013. The law mandates financial and economic sustainability principles including system revenues, system costs, and renewable energy. Under the law, the remuneration of renewable energies, high-efficiency combined heat and power (CHP) and waste-to-energy facilities is constructed on these facilities’ necessary participation in the market. The law further dictates that it will supplement the market revenues with a specific regulated subsidy that will enable these technologies to compete with other technologies in the market. It will also enable them to receive a suitable return.
  • The Spanish Government passed the Royal Decree-law 23/2020 of 23rd June 2020 as a measure towards revitalizing the economy and approving energy related measures. The regulation came into effect on 25th June 2020 and provides measure to ramp up the energy sector post the impact of COVID-19 on the economy especially investments in renewables, energy efficiency and new generation processes. The decree also emphasizes on the need for driving the economy through decarbonization and sustainable plans.

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Spain Wind Power Market – Competitive Landscape

Naturgy Energy Group SA, Elecnor SA, 9REN Group, EDP Renovaveis SA, and Eolia Renovables de Inversiones SCR SA are a few of the market players in the wind power market in Spain.

 Naturgy Energy Group SA – Naturgy is an integrated gas and electric utility that carries out the exploration, development, liquefaction, regasification, transportation, storage, distribution, and commercialization of natural gas. The company also undertakes the generation, distribution, and commercialization of electricity.

Spain Wind Power Market Analysis, by Companies

Spain Wind Power Market Analysis, by Companies

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Spain Wind Power Market - Major Active Plants

Gecama Wind Project led the Spain wind power market under onshore sources in terms of total capacity contribution in 2024.

Spain Wind power Market, by Active Plants, 2024 (%)

Spain Wind power Market, by Active Plants, 2024 (%)

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Spain Wind Power Market Segmentation by Deal Types

In 2022, the wind power market in Spain recorded most of the deals in asset transactions, followed by acquisition and debt offerings.

Spain Wind Power Market Analysis, by Deal Types, 2023 (%)

Spain Wind Power Market Analysis, by Deal Types, 2023 (%)

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Segments Covered in the Report

Spain Wind Power Market Deal Type Outlook (2015-2035)

  • Asset Transactions
  • Acquisition
  • Debt Offerings
  • Partnerships
  • Private Equity

Scope

The report analyses Spain’s wind power market. The scope of the research includes:

  • A brief introduction to global carbon emissions and global primary energy consumption.

  • An overview of the country’s renewable power market, highlighting installed capacity trends (2015-2035), generation trends (2015-2035), and installed capacity split by various renewable power sources.

  • Detailed overview of the country’s wind power market with installed capacity and generation trends and major active and upcoming wind power projects.

  • Deal analysis of the country’s wind power market.

  • Key policies and regulatory framework supporting the development of wind power sources.

  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • Enhance your decision-making capability in a more rapid and time-sensitive manner.

  • Identify key growth and investment opportunities in the country’s wind power market.

  • Facilitate decision-making based on strong historical and forecast data for the wind power market.

  • Position yourself to gain the maximum advantage of the industry’s growth potential.

  • Develop strategies based on the latest regulatory events.

  • Identify key partners and business development avenues.

  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Naturgy Energy Group SA
Elecnor SA
9REN Group
Eolia Renovables de Inversiones SCR SA
EDP Renovaveis SA

Table of Contents

  • 1. Table of Contents

  • 2. List of Tables

  • 3. List of Figures

  • 4. Introduction

    • 4.1. Carbon Dioxide Emissions, Global, 2015–2023

    • 4.2. Primary Energy Consumption, Global, 2015–2023

    • 4.3. Report Guidance

  • 5. Renewable Power Market, Spain

    • 5.1. Renewable Power Market, Spain, Installed Capacity, 2015-2035

      • 5.1.1. Renewable Power Market, Spain, Cumulative Installed Capacity by Source, 2015-2035

      • 5.1.2. Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source, 2023 and 2035

      • 5.1.3. Renewable Power Market, Spain, Net Capacity Additions by Source, 2024-2035

      • 5.1.4. Renewable Power Market, Spain, Capacity Growth by Source, 2023-2035

    • 5.2. Renewable Power Market, Spain, Power Generation, 2015-2035

      • 5.2.1. Renewable Power Market, Spain, Power Generation by Source, 2015-2035

      • 5.2.2. Renewable Power Market, Spain, Growth in Power Generation by Source, 2023-2035

  • 6. Wind Power Market, Spain

    • 6.1. Wind Power Market, Spain, Installed Capacity, 2015-2035

      • 6.1.1. Wind Power Market, Spain, Cumulative Installed Capacity Split by Onshore and Offshore Wind, 2015-2035

    • 6.2. Wind Power Market, Spain, Power Generation, 2015-2035

      • 6.2.1. Wind Power Market, Spain, Power Generation by Type, 2015-2035

    • 6.3. Wind Power Market, Spain, Market Size, 2015-2030

    • 6.4. Wind Power Market, Spain, Power Plants

      • 6.4.1. Wind Power Market, Spain, Major Active Plants

      • 6.4.2. Wind Power Market, Spain, Snapshot of Upcoming Plants

      • 6.4.3. Wind Power Market, Spain, Key Under-construction Projects.

    • 6.5. Wind Power Market, Spain, Deal Analysis, 2023

      • 6.5.1. Wind Power Market, Spain, Deal Volume vs. Deal Value, 2015–2023

      • 6.5.2. Wind Power Market, Spain, Split by Deal Type, 2023

    • 6.6. Wind Power Market, Spain, Turbine Market, 2016-2028

      • 6.6.1. Wind Turbine Market, Spain, Annual Installed Capacity, 2016-2028

      • 6.6.2. Wind Turbine Market, Spain, Market Size, 2016-2028

  • 7. Renewable Energy Policy Framework, Spain

    • 7.1. Renewable Energy Market, Overview

    • 7.2. Policy Snapshot

    • 7.3. Renewable Energy Targets

    • 7.4. Electricity Law 24/2013

    • 7.5. Royal Decree-Law 23/2020

    • 7.6. Climate Change and Energy Transition (Law 7/2021)

    • 7.7. The National Energy and Climate Plan (NECP) 2021-2030

    • 7.8. National Recovery and Resilience Plan – Green Transition

    • 7.9. Hydrogen Energy

      • 7.9.1. The Spanish Measure

  • 8. The Royal Decree Law 13/2012

    • 8.1. The Royal Decree Law 29/2012

    • 8.2. The Royal Decree Law 9/2013

    • 8.3. Royal Decree 110/2015

    • 8.4. Suspension of Solar Power Tax

    • 8.5. Feed-in Premiums

    • 8.6. Renewable Auctions

      • 8.6.1. Auction Analysis

    • 8.7. The Institute for the Diversification and Saving of Energy (IDAE)

    • 8.8. Grid Connection of Small Wind Turbines

    • 8.9. Roadmap for the Development of Offshore Wind and Marine Energy.

  • 9. Wind Power Market, Spain, Company Profiles

    • 9.1. Naturgy Energy Group SA

      • 9.1.1. Naturgy Energy Group SA – Company Overview

      • 9.1.2. Naturgy Energy Group SA – Business Description

      • 9.1.3. Naturgy Energy Group SA – SWOT Analysis

      • 9.1.4. Naturgy Energy Group SA – Major Products and Services

      • 9.1.5. Naturgy Energy Group SA – Head Office

    • 9.2. Elecnor SA

      • 9.2.1. Elecnor SA – Company Overview

      • 9.2.2. Elecnor SA – Business Description

      • 9.2.3. Elecnor SA – SWOT Analysis

      • 9.2.4. Elecnor SA – Major Products and Services

      • 9.2.5. Elecnor SA – Head Office

    • 9.3. 9REN Group

      • 9.3.1. 9REN Group – Company Overview

      • 9.3.2. 9REN Group – Major Products and Services

      • 9.3.3. 9REN Group – Head Office

    • 9.4. Eolia Renovables de Inversiones SCR SA

      • 9.4.1. Eolia Renovables de Inversiones SCR SA – Company Overview

      • 9.4.2. Eolia Renovables de Inversiones SCR SA – Major Products and Services

      • 9.4.3. Eolia Renovables de Inversiones SCR SA – Head Office

    • 9.5. EDP Renovaveis SA

      • 9.5.1. EDP Renovaveis SA – Company Overview

      • 9.5.2. EDP Renovaveis SA – Business Description

      • 9.5.3. EDP Renovaveis SA – SWOT Analysis

      • 9.5.4. EDP Renovaveis SA – Major Products and Services

      • 9.5.5. EDP Renovaveis SA – Head Office

  • 10. Appendix

    • 10.1. Abbreviations

    • 10.2. Methodology

      • 10.2.1. Coverage

      • 10.2.2. Secondary Research

      • 10.2.3. Primary Research

      • 10.2.4. Modelling and Forecasting

      • 10.2.5. About GlobalData

      • 10.2.6. Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Table 2: Primary Energy Consumption, Global, 2015–2023

Table 3: Renewable Power Market, Spain, Cumulative Installed Capacity by Source (GW), 2015-2035

Table 4: Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Table 5: Renewable Power Market, Spain, Net Capacity Additions by Source (GW), 2024-2035

Table 6: Renewable Power Market, Spain, Capacity Growth by Source, 2023-2035

Table 7: Renewable Power Market, Spain, Power Generation by Source (TWh), 2015-2035

Table 8: Renewable Power Market, Spain, Growth in Power Generation by Source, 2023-2035

Table 9: Wind Power Market, Spain, Installed Capacity (GW), 2015-2035

Table 10: Wind Power Market, Spain, Cumulative Installed Capacity by Type (GW), 2015-2035

Table 11: Wind Power Market, Spain, Power Generation (TWh), 2015-2035

Table 12: Wind Power Market, Spain, Power Generation by Type (TWh), 2015-2035

Table 13: Wind Power Market, Spain, Market Size ($M), 2015-2030

Table 14: Wind Power Market, Spain, Major Active Plants – Offshore

Table 15: Wind Power Market, Spain, Major Active Plants – Onshore

Table 16: Wind Power Market, Spain, Snapshot of Upcoming Plants

Table 17: Wind Power Market, Spain, Key Under-construction Projects

Table 18: Wind Power Market, Spain, Deal Volume vs. Deal Value ($M), 2015–2023

Table 19: Wind Power Market, Spain, Deals by Type, 2023

Table 20: Wind Turbine Market, Spain, Annual Installed Capacity (GW), 2016-2028

Table 21: Wind Turbine Market, Spain, Market Size ($M), 2016-2028

Table 22: Policy Snapshot, Spain, 2023

Table 23: Main Objectives of the NECP, Spain, 2021-2030

Table 24: Targets under EU Hydrogen Strategy and Spain’s Hydrogen Roadmap, 2020-2050

Table 25: Renewable Energy Auctions, Spain, 2016-2022

Table 26: Funds allocated by IDAE by technology (in EURM), Spain, 2021-2030

Table 27: Naturgy Energy Group SA, Major Products and Services

Table 28: Elecnor SA, Major Products and Services

Table 29: 9REN Group, Major Products and Services

Table 30: Eolia Renovables de Inversiones SCR SA, Major Products and Services

Table 31: EDP Renovaveis SA, Major Products and Services

Table 32: Abbreviations

Figures

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Figure 2: Primary Energy Consumption, Global, 2015–2023

Figure 3: Renewable Power Market, Spain, Cumulative Installed Capacity by Source (GW), 2015-2035

Figure 4: Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Figure 5: Renewable Power Market, Spain, Net Capacity Additions by Source (GW), 2024-2035

Figure 6: Renewable Power Market, Spain, Capacity Growth by Source, 2023-2035

Figure 7: Renewable Power Market, Spain, Power Generation by Source (TWh), 2015-2035

Figure 8: Renewable Power Market, Spain, Growth in Power Generation by Source, 2023-2035

Figure 9: Wind Power Market, Spain, Installed Capacity (GW), 2015-2035

Figure 10: Wind Power Market, Spain, Cumulative Installed Capacity by Type (GW), 2015-2035

Figure 11: Wind Power Market, Spain, Power Generation (TWh), 2015-2035

Figure 12: Wind Power Market, Spain, Power Generation by Type (TWh), 2015-2035

Figure 13: Wind Power Market, Spain, Market Size ($M), 2015-2030

Figure 14: Wind Power Market, Spain, Snapshot of Upcoming Plants

Figure 15: Wind Power Market, Spain, Deal Volume vs. Deal Value ($M), 2015–2023

Figure 16: Wind Power Market, Spain, Split by Deal Type (%), 2023

Figure 17: Wind Turbine Market, Spain, Annual Installed Capacity (GW), 2016-2028

Figure 18: Wind Turbine Market, Spain, Market Size ($M), 2016-2028

Figure 19: Renewable Auctions, Auctioned Capacity Vs. Awarded Capacity, Spain, 2016-2022

Figure 20: Renewable Auctions, Solar PV and Onshore Wind, Spain, 2021-2022

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