MADRID: Spain’s Ministry of Industry, Tourism and Digital Agenda has published a new report, including new growth scenarios for the future of the Spanish energy market, which recognizes solar as the future cheapest source of power, and the dominance of PV above all other energy sources by 2030.
The first scenario, called the “distributed generation scenario” (DG), forecasts strong development of renewable energy distributed generation coupled with storage systems.
According to the most optimistic figures provided by the ministry, solar is expected to reach a power production capacity of 47.1 TWh by 2030, thus becoming the country’s leading power source, followed by wind (31.0 TWh), combined cycle plants (24.5 TWh), hydropower (23.0 TWh), cogeneration facilities (8.5 TWh), and nuclear power (7.1 TWh). Overall, storage is expected to account for 2.3 TWh of total demand.
Under this scenario, renewables would have a 70% share in Spain’s electricity mix, while solar PV technology would reach a cumulative installed power of around 77 GW, followed by wind with 47.5 GW.
