Does Spain still generate more electricity from renewable sources?

Spain continues to generate more electricity from renewable sources as its renewable share of electricity rose to 50.8 percent in 2023 from 42.2 percent in 2022. According to a draft government report issued in June, Spain’s goal is to raise the share of renewables to four-fifths by 2030.

Will Spain raise its share of renewables by 2030?

According to a draft government report issued in June, Spain’s goal is to raise the share of renewables to four-fifths by 2030. The new climate plan includes higher targets for solar and wind power capacity as well as energy storage.

What will Spain's energy plan entail in 2025?

The draft government plan also contains the phase-out of nuclear energy and speeds up Spain’s exit from coal, now set for 2025. Spain is pushing renewables despite a 3 percent reduction in energy demand last year due to higher capital costs and energy efficiency measures.

Will Spain double wind power by 2030?

Over half of Spain’s electricity was generated from renewable energy in 2023, and a new government proposal sets a goal of 80 percent by 2030 at a cost of $322 billion. Spain’s new government goal to double wind capacity means it would need to almost triple wind installations from current annual rates.

Why is Spain losing a billion-euro a year?

Despite the growth, the wind industry in Europe, including Spain, is facing billion-euro losses, mainly due to competition from China, which has been developing its clean energy resources for decades and offers lower prices due to cheap coal power and government subsidization.

Can Spain's green energy exceed demand?

Spain's green energy can exceed demand The patchwork plains of Castilla-La Mancha, in central Spain, were once known for their windmills. But now it is wind turbines, their modern-day equivalent, which are much more visible on the region’s skyline.