The Spanish authorities are seeking 1.3 GW of clean energy and storage projects to provide flexibility, stability and security to the national electricity supply.
The 86.4 MW facility will employ more than 160,000 PV modules. The company recently announced that it will also build Spain’s first hybrid wind power plant in Burgos.
iDeals and M&A Community says there were 16 merger and acquisitions (M&As) announced in Spain in October.
Spain recorded more than 20 GW of installed solar capacity at the end of last year, according to recently published data from Wiki-Solar. The website’s founder claims that the country is becoming a PV powerhouse as utility-scale developers increasingly roll out projects.
The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.
José Donoso, the president of Spanish solar association UNEF, spoke with pv magazine at Intersolar 2023 about the future of solar manufacturing in Europe, incentives, and the need for Europe and Spain to master the entire PV industrial cycle.
New data from Afry Management Consulting suggests that Spain’s solar power producers could face prices below €20/MWh before 2030 if renewable penetration continues to increase. Such low prices would render power purchase agreements (PPAs) and merchant projects unprofitable.
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
Spain’s Ministry for the Ecological Transition says it is now reviewing a significant amount of hybrid wind-solar power projects. The developers include Iberdrola, Acciona, Forestalia, Ignis, and Enel Green Power.
Spain installed 8,312 MW of new renewable energy capacity last year, including 4,281 MW of utility-scale solar, 2.64 GW of distributed-generation PV systems, and 1,382 MW of wind power.
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