The sun mine

The country boasting the highest solar irradiance in Europe has now clearly resumed its race to become a superpower in renewable energy. Pushed by its large-scale segment, the Spanish PV market is expected to see strong growth for the entire next decade. Several factors are contributing to short-term success, including lower module costs and a hike in prices in the local spot electricity market. A series of challenges, however, may provide lower than expected growth, such as grid capacity and rules for access. Although the current Spanish government is seeking to improve the regulatory framework, caution must be advised on the policy side.