Spain will aim to cut its greenhouse gas (GHG) emissions by 90% by 2050, from 1990 levels, and achieve 100% renewable power that same year, according to a draft of the Climate Change and Energy Transition Law.
Renewable electricity target of 70% for 2030, while the GHG emissions reduction goal is 20% for that year. The government plans wind and solar capacity additions of at least 3 GW per year in the next decade.
Apart from boosting renewables, Spain will also stop issuing new licenses for exploitation activities, ban fracking and lead a just transition for regions depending on the coal industry. Cars and light commercial vehicles that run on petrol and diesel will be banned from 2050, with no new registrations for such possible after 2040.
On 24th December of 2018, 68,630MWh Wind energy have been generated, corresponding to 11% of the daily electricity demand at an average price of 13.12 cents of€／kwh, There are currently installed 1,090 wind farms in 803 municipalities, prevents the emission of 28million tons of co2 every year.
Renewables produced 40.9% of Spain’s power in the first 10 months of 2018, led by wind whose share in the mix arrived at 19.5%.
What will be the new business models?
EXCELLENT SOLAR OPPORTUNITIES:
- Government tenders of 5 GW to large-scale solar, 1,128 MW wind must be operational by the end of 2019.
- The Renewable energy total capacity installed will be 70% by 2030, 100% by 2050.
- Cancel the “sun tax”, MERCHANT PPAS. Generating power that could be exported to the rest of Europe
- We will explain following questions:
- How market risk affects financing of projects and hence likelihood of getting actual projects developed?
- Government tenders of 5 GW to large-scale solar, 1,128 MW wind，Will they be connected by the end of 2019?
- Merchant PPA, Self consumption
- Which geographical areas show the most promise?
- Improving grid connections with the latest infrastructures/ equipment,
- Critical comment about how we can meet the wind and solar capacity additions of at least 3 GW per year in the next decade.
- Investing in Spain: opportunities and challenges
- Is Regulation frame about finance is an achievable?
The high level of RED ELECTRICA, EIA, Enel, Univergy, Bluegreenfield, Administrateur Général from Morocco will join us as the keynote speaker.