SolarPower Europe forecasts in its medium scenario that Spain will install around 37 gigawatts of new capacity by 2028. As in other markets, negative spot market prices and zero-price hours are challenging for power purchase agreements for large-scale PV plants.
More co-located hybrid plants and utility-scale batteries can help overcome these obstacles, especially when paired with stronger grids, electricity pricing reform and increased use of solar power for power-to-heat and e-mobility.
Spain in global top ten for solar market growth in 2024
Spain’s battery market is expanding rapidly. SolarPower Europe expects that by 2029, Spain will rank as the fifth most significant battery storage market in the EU. Genera, taking place from 18 to 20 November in Madrid, is an excellent opportunity to catch up on the latest developments and trends. pv Europe is a media partner and will be present on site.
For deeper insights into Spain, follow our daily focus from 13 to 16 October at 18:00, Monday to Thursday. (hcn)
