SPAIN’s Ministry of Industry, Tourism and Digital has published a new report, including new growth scenarios for the future of the Spanish energy market.
It recognises solar as the future cheapest source of power and the dominance of photovoltaic above all other energy sources by 2030.
The Spanish government said that increasing the renewables share would significantly reduce power generation costs, thus enabling savings of around €9.6 billion.
CO2 emissions would be more than halved, and power exports to France could increase the report’s authors noted.
According to the most optimistic figures provided by the ministry, solar is expected to reach a power production capacity of 47.1 TWh by 2030, becoming the country’s leading power source, followed by wind (31.0 TWh), combined cycle plants (24.5 TWh), hydropower (23.0 TWh), cogeneration facilities (8.5 TWh), and nuclear power (7.1 TWh).
Under this scenario, renewables would have a 70% share in Spain’s electricity mix, while solar PV technology would reach a cumulative installed power of around 77 GW, followed by wind with 47.5 GW.
A second, less ambitious scenario, called “sustainable transition” also expects solar to become the largest and cheapest source of power by 2030, but with ‘only’ 40 TWh of power production capacity and no storage deployed.
Under this scenario, however, renewables would still account for 67% of total power generation capacity, although part of the missing 7 TWh from solar would be partly replaced with 4 TWh of power generation from coal.
Spanish solar association, UNEF has welcomed the findings of the report, claiming that the Spanish government has finally acknowledged the high value of the PV technology.