Wind and Solar Sectors in Spain
Solar Potential
Solar potential for Spain is amongst the best in Europe, if not the best. A majority of the country falls within the range of 1,600 kW/m2 and 1,950 kW/m2.
The region of Aragón has over 2,000 kW/m2.
Source: www.greenrhinoenergy.com
Wind Potential
Aragon, in the north east of Spain, is one of the regions with higher potential for wind generation in Europe with annual average wind speeds around 6.5 m/s and greater at 80-m height.
Our sites around Zaragoza register more than 7.5 m/s.
Source: atlaseolico.idae.es
Key factors driving the solar and wind sectors in Spain
Spain is one of the pioneering countries in developing wind energy, which has become the third source of electrical generation in Spain in 2015 with 48,209 GWh (19.4 % of the electrical demand). Spanish wind sector is quoted as an example worldwide.
Solar power generation curve matches the net load curve during best part of the day, adjusting the demand for electricity with supply, reducing the cost of electricity during central hours.
Spanish companies are leaders in the renewable sector in the world. Spain consults with very high qualified experts in the sector: engineers and technicians with a long and broad experience in EPC and O&M.
Expectations are very promising for energy investments. Present Solar amd Wind energy LCOE is below 5c€/kWh, which is below the actual market price of electricity.
Wind energy is nowadays the most competitive technology of renewable energy sources. Wind technology has reached grid parity in some areas in Spain, generating electricity at a cost that is competitive with the whole market price.
Solar energy is becoming more and more competitive:
- PV Modules and other basic components prices continue to decrease as sector matures and solar companies adopt large scale production.
- V module efficiency is also to increase following EU R&D investment policies.
- Lower O&M costs.
- Technical evolution and cost reduction of Lithium energy storage systems is a key factor to consolidate the sector.