Bnef solar Spain

Does Spain need a low-carbon solar system?

Spain—a large market with abundant wind and solar resources and few interconnectors to neighbouring countries—will have to build in sufficient flexibility to meet the low-carbon system’s future needs.

Which technologies will drive Spain's electricity system in 2030?

According to the report, wind and solar power will drive the electricity system in 2030, together supplying 51% of generation (33% and 18% respectively), compared with 25% in 2018. By 2050, these two technologies will generate 75% of Spain’s electricity.

What is BNEF New Energy Outlook?

BNEF New Energy Outlook is our annual long-term scenario analysis on the future of the energy economy.

Will battery storage reduce energy costs in Spain?

This will come at a higher cost and with higher emissions. Flexible technologies such as battery storage have the dual advantage of integrating larger volumes of renewable generation and displacing fossil backup capacity, reducing Spain’s energy import bill and lowering emissions.

How much electricity will Spain generate by 2050?

By 2050, these two technologies will generate 75% of Spain’s electricity. The report comes as negotiators from almost 200 countries gather for the COP25 climate change summit in Madrid, against a backdrop of urgent calls to cut emissions and keep the rise in global temperatures well below 2 degrees Celsius.

Can Spain decarbonise its electricity system?

Spain has ambitious targets for decarbonising its electricity system, but achieving this will require the aid of technologies that help balance supply and demand as more renewable energy is added to the grid.