Featured in The two sides of Australia's solar success – 10-2019

Political uncertainties and market speculation

After several years of stagnation, Spain has started to see a revival in its PV market, writes IHS Markit’s Maria Chea. The country’s newfound growth has been due to a combination of tender and private PPA projects, along with decreasing component costs.

By

pv magazine

21 Oct 2019

Source: IHS Markit

In order to meet its 2020 targets, the Spanish government returned to incentivizing renewables in 2016, with two auctions launched the following year. The 2017 auctions awarded 3.9 GW of PV. IHS Markit forecasts Spain will install approximately 20 GW from 2019 to 2023, with initial demand coming from projects awarded in the third renewable …

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