Windpower Monthly rating 3.5/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Expectations are again high across Spain’s once roaring wind market. After an effective moratorium on new capacity since 2013, activity snowballed in 2017, spurred on by government wind capacity allocations totalling 4.6GW since 2016.
Spanish wind industry association AEE believes the country can reach 40GW by 2030, supplying roughly 30% of its electricity needs. Most of the projects granted licenses in the 2016-17 auctions put forward 100% discounts - meaning no subsidy needs to be paid towards the construction investment.
The only support left in place was a floor on production earnings, set at €22-28/MWh. Spain has demonstrated in the past the ability to deploy significant amounts of new capacity rapidly, and if the economics are right there is no reason to suppose that it could not continue to do so.
Minister for ecological transition, Spain
SPAIN: Acciona Energy has added a battery storage facility to one of its wind farms, allowing it to further explore grid integration and the use of wind generation to provide reserve power from its central renewables control room.
SPAIN: A new wind-solar-storage system aims to provide reliable and competitively priced grid-independent power.
SPAIN: As the Spanish government responsible for draconian anti-wind reforms prepares to face the electorate, optimism and activity are returning to the sector. Windpower Monthly finds out what developers are planning for the future.
SPAIN Spain's frozen wind market, with just 28MW of new capacity installed in 2014, pins most hope of recovery on the general election in November.
Siemens Gamesa has unveiled a new 11MW version of its offshore wind turbine, as the WindEurope Offshore 2019 conference and exhibition kicks off in Copenhagen.
Siemens Gamesa Renewable Energy (SGRE) recorded revenue of €10.23 billion across its full financial year, meeting its €10-11 billion target for 2019. But a new round of job cuts is on the way.
Spanish energy giant Iberdrola said record investment in its network and renewables division has reaped rewards with net profit growing 20.4% in the first nine months of the year.
Acciona will launch a full takeover of Nordex after increasing its majority share in the German turbine manufacturer to 36.27%.
Siemens Gamesa Renewable Energy's (SGRE) net income grew 97% in the first nine months of the company's 2019 financial year due to improved productivity and increased sales volume.