Spain Solar Photovoltaic (PV) Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Spain Solar Photovoltaic (PV) Market Report Overview

The cumulative installed capacity for solar PV in Spain was 29.97MW in 2022 and will achieve a CAGR of more than 15% during 2022-2035. In 2022, asset transactions deal type closed the majority of deals in Spain’s solar photovoltaic market.

Spain Solar PV Market Outlook, 2022-2035

Spain Solar PV Market Outlook, 2022-2035

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The report discusses the cumulative installed capacity, annual capacity addition, and annual generation of all renewable sources until 2035. The report also gives detailed coverage of the major active and upcoming solar PV plants and renewable energy policy framework governing the Spain solar PV market.

Cumulative Installed Capacity (2022) 29.97MW
CAGR (2022-2035) >15%
Historical Period 2010-2021
Forecast Period 2022-2035
Key Regulations ·        Law 24/2013 of the Electricity Sector

·        Law 23/2020

Key Companies ·        X-ELIO Energy SL

·        Isofoton SA

·        Grenergy Renovables SL

·        EDP Renovaveis SA

·        Eolia Renovables de Inversiones SCR SA

Key Deal Types ·        Asset Transactions

·        Acquisition

·        Partnerships

·        Debt Offering

·        Private Equity

Key Active Plants ·        Trillo Solar PV Park

·        Francisco Pizarro Solar PV Park

·        Nunez de Balboa Solar PV Park

·        Mula Solar Farm

·        Ceclavin Solar PV Park

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Spain Energy Policy Framework

  • Renewables in Spain are regulated under the common framework for the generation and promotion of renewable energy established by the European Union majorly under Directive 2009/28/EC.
  • The Feed-in Tariff (FiT) scheme was introduced in 2007 under the Royal Decree 661/2007 and was later suspended in 2012. In 2014, a premium was introduced by the government to help renewables compete with conventional technologies.
  • The Spanish government aims to provide transparency in incentive allocations through competitive bidding and aims to increase solar and wind power capacity in the country whilst gradually phasing out nuclear and coal fired plants.

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Spain Solar PV Market – Competitive Landscape

The leading companies in the Spain solar PV market are X-ELIO Energy SL, Isofoton SA, Grenergy Renovables SL, EDP Renovaveis SA, and Eolia Renovables de Inversiones SCR SA.

EDP Renovaveis SA (EDPR): It, a subsidiary of Energias de Portugal SA, is a renewable energy company. It develops, builds, and operates wind farms and solar plants. The company also offers a wide range of services in the project lifecycle, including site identification, renewable resource analysis, obtainment of the permit, design layout, contract, funding, construction, commencement of operation, delivery of energy, maintenance service, data analysis, and dismantling.

Spain Solar PV Market Analysis by Companies, 2022

Spain Solar PV Market Analysis by Companies, 2023

Spain Solar PV Market - Major Active Plants

Trillo Solar PV Park led the solar PV market in Spain in terms of total capacity contribution in 2023.

Spain Solar PV Market Analysis by Active Plants, 2023 (%)

Spain Solar PV Market Analysis by Active Plants, 2023 (%)

Spain Solar PV Market Segmentation by Deal Types

In 2022, the solar photovoltaic market in Spain recorded the highest number of deals in asset, followed by acquisition.

Spain Solar PV Market Analysis by Deal Types, 2022 (%)

Spain Solar PV Market Analysis by Deal Types, 2022 (%)

Segments Covered in The Report

Spain Solar PV Market Deal Types Outlook (Cumulative Installed Capacity, MW, 2010-2035)

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

Scope

The report analyses Spain’s solar photovoltaic (PV) 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 (2010-2035), generation trends (2010-2035), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
  • Deal analysis of the country’s solar PV market.
  • Key policies and regulatory framework supporting the development of solar PV.
  • 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 solar PV market.
  • Facilitate decision-making based on strong historical and forecast data for the solar PV 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.

X-ELIO Energy SL
Isofoton SA
Grenergy Renovables SL
Eolia Renovables de Inversiones SCR SA
EDP Renovaveis SA

Table of Contents

  • 1. Introduction
  • 1.1 Carbon Dioxide Emissions, Global, 2001–2022
  • 1.2 Primary Energy Consumption, Global, 2001–2022
  • 1.3 Report Guidance
  • 2. Renewable Power Market, Spain
  • 2.1 Renewable Power Market, Spain, Installed Capacity, 2010-2035
  • – Renewable Power Market, Spain, Cumulative Installed Capacity by Source, 2010-2035
  • – Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source, 2022 and 2035
  • – Renewable Power Market, Spain, Net Capacity Additions by Source, 2023-2035
  • – Renewable Power Market, Spain, Capacity Growth by Source, 2022-2035

  • 2.2 Renewable Power Market, Spain, Power Generation, 2010-2035
  • – Renewable Power Market, Spain, Power Generation by Source, 2010-2035
  • – Renewable Power Market, Spain, Growth in Power Generation by Source, 2022-2035

  • 3. Solar PV Market, Spain
  • 3.1 Solar PV Market, Spain, Installed Capacity, 2010-2035
  • 3.2 Solar PV Market, Spain, Power Generation, 2010-2035
  • 3.3 Solar PV Market, Spain, Market Size, 2010-2030
  • 3.4 Solar PV Market, Spain, Power Plants
  • – Solar PV Market, Spain, Major Active Plants
  • – Solar PV Market, Spain, Snapshot of Upcoming Plants
  • – Solar PV Market, Spain, Key Under-construction Projects

  • 3.5 Solar PV Market, Spain, Deal Analysis, 2022
  • – Solar PV Market, Spain, Deal Volume vs. Deal Value, 2010–2022
  • – Solar PV Market, Spain, Split by Deal Type, 2022

  • 4. Renewable Energy Policy Framework, Spain
  • 4.1 Renewable Energy Market, Overview
  • 4.2 Policy Snapshot
  • 4.3 Renewable Energy Targets
  • 4.4 Electricity Law 24/2013
  • 4.5 Royal Decree-Law 23/2020
  • 4.6 Climate Change and Energy Transition (Law 7/2021)
  • 4.7 The National Energy and Climate Plan (NECP) 2021-2030
  • 4.8 National Recovery and Resilience Plan – Green Transition
  • 4.9 Hydrogen Energy
  • – The Spanish Measure

  • 4.10 The Royal Decree Law 13/2012
  • 4.11 The Royal Decree Law 29/2012
  • 4.12 The Royal Decree Law 9/2013
  • 4.13 Royal Decree 110/2015
  • 4.14 Suspension of Solar Power Tax
  • 4.15 Feed-in Premiums
  • 4.16 Renewable Auctions
  • – Auction Analysis

  • 4.17 The Institute for the Diversification and Saving of Energy (IDAE)
  • 4.18 Grid Connection of Small Wind Turbines
  • 4.19 Roadmap for the Development of Offshore Wind and Marine Energy.
  • 5. Solar PV Power Market, Spain, Company Profiles
  • 5.1 X-ELIO Energy SL
  • – X-ELIO Energy SL – Company Overview
  • – X-ELIO Energy SL – Major Products and Services
  • – X-ELIO Energy SL – Head Office

  • 5.2 Isofoton SA
  • – Isofoton SA – Company Overview
  • – Isofoton SA – Business Description
  • – Isofoton SA – SWOT Analysis
  • – Isofoton SA – Major Products and Services
  • – Isofoton SA – Head Office

  • 5.3 Grenergy Renovables SL
  • – Grenergy Renovables SL – Company Overview
  • – Grenergy Renovables SL – Major Products and Services
  • – Grenergy Renovables SL – Head Office

  • 5.4 Eolia Renovables de Inversiones SCR SA
  • – Eolia Renovables de Inversiones SCR SA – Company Overview
  • – Eolia Renovables de Inversiones SCR SA – Major Products and Services
  • – Eolia Renovables de Inversiones SCR SA – Head Office

  • 5.5 EDP Renovaveis SA
  • – EDP Renovaveis SA – Company Overview
  • – EDP Renovaveis SA – Business Description
  • – EDP Renovaveis SA – SWOT Analysis
  • – EDP Renovaveis SA – Major Products and Services
  • – EDP Renovaveis SA – Head Office

  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Market Definitions
  • – Power
  • – Renewable Power
  • – Installed Capacity
  • – Electricity Generation
  • – Electricity Consumption

  • 6.3 Methodology
  • – Coverage
  • – Secondary Research
  • – Primary Research
  • – Modelling and Forecasting
  • Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

Table 3: Renewable Power Market, Spain, Cumulative Installed Capacity by Source (GW), 2010-2035

Table 4: Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, Spain, Net Capacity Additions by Source (GW), 2023-2035

Table 6: Renewable Power Market, Spain, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, Spain, Power Generation by Source (TWh), 2010-2035

Table 8: Renewable Power Market, Spain, Growth in Power Generation by Source, 2022-2035

Table 9: Solar PV Market, Spain, Installed Capacity (GW), 2010-2035

Table 10: Solar PV Market, Spain, Power Generation (TWh), 2010-2035

Table 11: Solar PV Market, Spain, Market Size ($M), 2010-2030

Table 12: Solar PV Market, Spain, Major Active Plants

Table 13: Solar PV Market, Spain, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Spain, Key Under-construction Projects

Table 15: Solar PV Market, Spain, Deal Volume vs. Deal Value ($M), 2010–2022

Table 16: Solar PV Market, Spain, Deals by Type, 2022

Table 17: Policy Snapshot, Spain, 2022

Table 18: Main Objectives of the NECP, Spain, 2021-2030

Table 19: Targets under EU Hydrogen Strategy and Spain’s Hydrogen Roadmap, 2020-2050

Table 20: Renewable Energy Auctions, Spain, 2016-2022

Table 21: Funds allocated by IDAE by technology (in EURM), Spain, 2021-2030

Table 22: X-ELIO Energy SL, Major Products and Services

Table 23: Isofoton SA, Major Products and Services

Table 24: Grenergy Renovables S, Major Products and Services

Table 25: Eolia Renovables de Inversiones SCR SA, Major Products and Services

Table 26: EDP Renovaveis SA, Major Products and Services

Table 27: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Figure 2: Primary Energy Consumption, Global, 2001–2022

Figure 3: Renewable Power Market, Spain, Cumulative Installed Capacity by Source (GW), 2010-2035

Figure 4: Renewable Power Market, Spain, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Figure 5: Renewable Power Market, Spain, Net Capacity Additions by Source (GW), 2023-2035

Figure 6: Renewable Power Market, Spain, Capacity Growth by Source, 2022-2035

Figure 7: Renewable Power Market, Spain, Power Generation by Source (TWh), 2010-2035

Figure 8: Renewable Power Market, Spain, Growth in Power Generation by Source, 2022-2035

Figure 9: Solar PV Market, Spain, Installed Capacity (GW), 2010-2035

Figure 10: Solar PV Market, Spain, Power Generation (TWh), 2010-2035

Figure 11: Solar PV Market, Spain, Market Size ($M), 2010-2030

Figure 12: Solar PV Market, Spain, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Spain, Deal Volume vs. Deal Value ($M), 2010–2022

Figure 14: Solar PV Market, Spain, Split by Deal Type (%), 2022

Figure 15: Renewable Auctions, Auctioned Capacity Vs. Awarded Capacity, Spain, 2016-2022

Figure 16: Renewable Auctions, Solar PV and Onshore Wind, Spain, 2021-2022

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