This report provides an in-depth analysis of the rapid growth and development of photovoltaic power systems in Spain, highlighting significant milestones, market trends, and prospects.
Key Highlights:
- Record Installations: Spain added 9.3 GWdc of PV capacity in 2023, bringing the cumulative installed capacity to 39.4 GWdc. Ground-mounted systems accounted for the majority of new installations, with 7.2 GWdc added entirely without subsidies.
- Self-Consumption Evolution: The self-consumption segment saw 2 GWdc of installations, showcasing the growing adoption of rooftop PV, particularly within the industrial sector.
- Policy Milestones: Regulatory developments, including updated “Integrated National Energy and Climate Plan (PNIEC) targets, have set ambitious goals for PV adoption, aiming for 76.3 GWac by 2030.
- Economic Contributions: The PV sector supported over 121,000 full-time jobs in 2023, while the total business value of the industry reached €6.8 billion, further solidifying PV’s role as a key driver of Spain’s green energy transition.
