SolarPower Europe forecasts that Spain will add around 37 gigawatts of new capacity by 2028 in a medium scenario. As in many other markets, negative spot market prices and zero hours pose challenges for PPAs for large-scale PV plants.
More co-located hybrid plants and more utility-scale batteries can help address these obstacles, especially when combined with stronger grids, an electricity pricing reform and more use of solar power also for power2heat and e-mobility.
Spain in global top ten for solar market growth in 2024
Spain’s battery market is growing rapidly. SolarPower Europe anticipates that by 2029, Spain will be the fifth most important battery storage market in the EU.
A great opportunity to catch up on the latest developments and trends is Genera, taking place from 18 to 20 November in Madrid. pv Europe is a media partner and will be present on site.
To learn more about Spain, don’t miss our daily focus from 13 to 16 October at 18:00 (Monday through Thursday). (hcn)
